The State Bank of Vietnam (SBV) issued Documents No. 9900, 9901, 9902, 9903, 9904, 9905/NHNN-TTGSNH on December 31 to permit Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to establish several transaction office and branches.
Accordingly, HDBank is allowed to establish one additional transaction office in the province of Ha Tinh, and five additional branches in the provinces of Lang Son, Binh Dinh, Quang Ngai, Kon Tum and Thanh Hoa.
The SBV requires HDBank to be responsible for implementing procedures for inaugurating, registering and publicizing newly established branches in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and applicable laws.
TLH