On May 30, 2023, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 1012/QD-NHNN supplementing additional operations to the License for the Operations of Viet Capital Commercial Joint Stock Bank (Viet Capital Bank).
Specifically, Point 8 of the License for the Operations No. 0025/NH-GP dated August 22, 1992 issued by the SBV Governor to Viet Capital Bank is supplemented with the following additional operations:
(i) Trading and provision of the interest rate derivatives;
(ii) Providing commodity price derivatives;
(iii) Investing in government bond futures contracts;
(iv) Providing clearing services and payment services for security transactions in line with Point a of Paragraph 4 of Article 56 of the Law on Securities;
(v) Acting as a supervisory bank in line with the laws on securities.
Viet Capital Bank shall be responsible for implementing the above-mention operations in line with the relevant provisions of laws; implementing the procedures as prescribed for in Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 issued by the SBV Governor stipulating the issuance of licenses to, and the establishment and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions, and other foreign institutions with banking operations in Vietnam (as amended and supplemented) with regard to the above-supplemented substances.
This Decision took effect from the date of signing and is an integral part of the License for the Operations No. 0025/NH-GP dated August 22, 1992 issued by the SBV Governor to Viet Capital Bank.
LK