The State Bank of Vietnam (SBV) issued Document No. 62/NHNN-TTGSNH on January 6, 2015 to allow Vietnam Thuong Tin Joint - Stock Commercial Bank (VietBank) to open a branch in the province of Quang Ngai.
The SBV requires VietBank to be responsible for implementing procedures for inaugurating, registering and publicizing newly established branch 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 VietBank does not inaugurate the above – mentioned branch within 12 months from the date of signing.
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