The State Bank of Vietnam (SBV) issued Decision No. 1831/QĐ-NHNN on August 29th, 2017 to revise License of Vietnam Joint Stock Commercial Bank For Industry And Trade (Vietinbank).
Accordingly, the Governor of the SBV allowed Vietinbank to revise content of “Directly conducting business or setting up affiliated companies which have the legal person status and conduct independent accounting by own capital to deal in foreign exchange and gold in the domestic and international markets according to the provisions of law” as stipulated at Point 2.4, Item 2, Article 3 of the License No. 142/GP-NHNN dated July 3rd, 2009 for Vietinbank, as follows: “Trading and providing foreign exchange services in the domestic and international markets within the scope prescribed by the State Bank of Vietnam”.
Vietinbank is responsible for providing the mentioned-above services in compliance with applicable laws; implementing procedures in line with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 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 30th, 2015).
This Decision took effect from the date of signing and is an integral part of License No. 142/GP-NHNN dated July 3rd, 2009 for Vietinbank.
Certificate No. 3071/NHNN-CNH dated April 28th, 2009 on being eligible for providing forex services; Certificate No. 3072/NHNN-CNH dated April 28th, 2009 on confirming registration of providing forex services and other basic forex activities as stipulated in other SBV’s documents granted to Vietinbank ceased to be effective from the date of signing this Decision.