The State Bank of Vietnam (SBV) has issued Decision No. 1564/QD-NHNN dated July 24, 2019 revising the License of Hong Leong Bank Vietnam Limited.
Accordingly, the SBV Governor approved the additional operations of “Buying, selling corporate bonds” to Article 6 of License No. 342/GP-NHNN dated December 29, 2008 issued by the SBV Governor to Hong Leong Bank Vietnam Limited.
Hong Leong Bank Vietnam Limited is responsible for implementing the additional operations in compliance with the applicable laws; implementing the procedures as stipulated in Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No. 17/2017/TT-NHNN dated November 20, 2017).
This Decision took effect from the date of signing and is an integral part of License No. 342/GP-NHNN dated December 29, 2008 issued by the SBV Governor to Hong Leong Bank Vietnam Limited.
Le Hang