The State Bank of Vietnam (SBV) issued Decision No. 1155/QĐ-NHNN on June 14, 2017 to revise License of Hanoi branch of Bangkok Bank Public Co Ltd.
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Accordingly, the SBV Governor approved: (i) revision of Item 2 of Article 5 of License No. 48/GP-NHNN dated March 6, 2009 for Hanoi branch of Bangkok Bank Public Co Ltd. rewrites it as follows: “trading, providing forex services in the domestic and international markets in line with SBV’s regulations” (ii) revising the substance of “Hanoi branch of Bangkok Bank Public Co Ltd. is allowed to conduct the following operations in VND and foreign currencies” as stipulated in Item 1 of Article 5 of License No.48/GP-NHNN dated March 6, 2009 for Hanoi branch of Bangkok Bank Public Co Ltd. as follows: “Hanoi branch of Bangkok Bank Public Co Ltd. is allowed to conduct the following operations in VND”.
Hanoi branch of Bangkok Bank Public Co Ltd. is responsible for providing the mentioned-above services in compliance with laws on forex and other relevant regulations; implementing procedures in line with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 12, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of License No. 48/GP-NHNN dated March 6, 2009 for Hanoi branch of Bangkok Bank Public Co Ltd.
Le Hang