The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2488/QĐ-NHNN on August 9, 2016 to allow Hanoi Branch of Nonghyup Bank to provide additional services written in the License of the establishment and operation of Hanoi Branch of Nonghyup Bank.
Accordingly, the SBV Governor allows Hanoi Branch of Nonghyup Bank to provide “foreign exchange business and services in the domestic and international market in line with the SBV’s regulations" and add new service to Item 4 of License No.72/GP-NHNN dated November 1, 2016 of the Hanoi Branch of Nonghyup Bank.
Hanoi Branch of Nonghyup Bank is responsible for implementing legal procedures stipulated in Item 3, Article 18b of 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 organizations having banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the mentioned above content of revision.
In the progress of carrying out the “foreign exchange business and services in the domestic and international market in line with the SBV’s regulations", the Hanoi Branch of Nonghyup Bank is responsible to comply with the regulations on foreign exchange activities and other regulations stipulated by Vietnam laws.
These Decisions took effect on the date of signing and are integral parts of License No.72/GP-NHNN dated November 1, 2016 issued by the SBV Governor for Hanoi Branch of Nonghyup Bank.
Thoa Le