The Governor of the State Bank of Vietnam (SBV) issued Decision No. 978/QĐ-NHNN on May 16 to extend the operational coverage of the license of HCMC branch of DBS Bank.
Accordingly, the SBV Governor has approved the additional operation of “trading Government’s bonds” to Item 1 of Article 5 of License No. 09/GP-NHNN dated January 12, 2000 for the HCMC branch of DBS Bank.
HCMC branch of DBS Bank is responsible for complying with and fully meeting SBV’s regulations on trading Government’s bonds and other relevant laws; implementing the procedures in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting a license to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision takes effect from the date of signing and is an integral part of License No. 09/GP-NHNN dated January 12, 2000 for HCMC branch of DBS Bank.
Le Hang