The Governor of the State Bank of Vietnam (SBV) issued Decision No.1681/QĐ-NHNN on August 24, 2016 to extend the operational coverage of the license granted to Vietnam Prosperity Joint-Stock Commercial Bank (VPBank).
Accordingly, the SBV Governor added to content of Point 8 of Licence No. 0042/NH-GP dated August 12, 1993 granted for VPBank, with the service: “Trading and providing interest rate derivative products in line with provisions of laws and SBV regulations”.
VPBank is responsible for complying with regulations in line with Item 3 Article 18b at Circular No.40/2011/TT-NHNN dated December 15, 2011 issued by SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organization having banking operations in Vietnam and Circular No 08/2015/TT-NHNN of the SBV.
The Decision took effect from the date of signing and is an integral part of License No. 0042/NH-GP of VPBank by SBV Governor dated August 12, 1993.
Nguyen Giang