On May 22, 2023, the State Bank of Vietnam (SBV) issued Decision No. 943/QD-NHNN revising the License of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
Accordingly, the SBV Governor has approved of an additional paragraph numbered 24 to Article 4 of License No. 94/GP-NHNN dated September 28, 2018 issued by the SBV Governor to VPBank, to read as follows: “24) Acting as a supervisory bank in accordance with the laws on securities”.
VPBank is responsible for implementing the above mentioned substance in line with the laws on securities, the stock market operations, and other relevant regulations; implementing the procedures in line with 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).
This Decision took effect from the date of signing and is an integral part of License No. 94/GP-NHNN dated September 28, 2018 issued by the SBV Governor to VPBank.
Le Hang