The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2112/QĐ-NHNN on October 28 to extend the operational coverage of the license of the HCMC branch of the China Trust Commercial Bank (CTBC).
Accordingly, the SBV Governor has approved the additional operation of “purchasing debts” to Article 3 of License No. 04/NH-GP dated February 6, 2002.
The HCMC branch of CTBC is responsible for implementing the procedures in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN, dated December 15 2011, on granting a license to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of License No. No. 04/NH-GP dated February 6, 2002.
Le Hang