The State Bank of Vietnam (SBV) issued Document No. 47/NHNN-TTGSNH on January 6, 2015 to allow the Orient Joint - Stock Commercial Bank (OCB) to establish several transaction offices in the provinces of Hai Phong, Ba Ria- Vung Tau, Thanh Hoa, Quang Ninh, Nghe An, An Giang, Ca Mau, Khanh Hoa and Ho Chi Minh City.
The SBV requires OCB to be responsible for implementing procedures for inaugurating, registering and publicizing newly transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts. The Document will cease to be effective if the OCB does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
TLH