On January 23, 2024, the State Bank of Vietnam (SBV) issued Document No. 512/NHNN-TTGSNH allowing Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) to establish five additional branches.
Accordingly, VietBank is allowed to establish the additional branches in the provinces of Bac Ninh, Thanh Hoa, Lam Dong, Ca Mau, and Binh Phuoc.
In the Document, the SBV also requested VietBank to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branches in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks (as amended and supplemented), and the other applicable legal texts.
The Document will cease to be valid if VietBank does not inaugurate the above-mentioned branches within 12 months from the date of its signing.
Le Hang