The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2537/QĐ-NHNN on December 30, 2016 to allow Woori Bank Vietnam Limited (Woori Bank Vietnam) to provide additional services to those written in the License of the establishment and operation of Woori Bank Vietnam.
Accordingly, the SBV Governor allows Woori Bank Vietnam 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. 71/GP-NHNN dated October 31, 2016 of the Woori Bank Vietnam.
Woori Bank Vietnam is responsible for implementing legal procedures as stipulated in Item 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15 2011, issued by the SBV Governor on the granting of license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the above-mentioned content of revision.
In the process of carrying out the “foreign exchange business and services in the domestic and international market in line with the SBV’s regulations", the Woori Bank Vietnam is responsible for complying with all regulations on foreign exchange activities and other regulations as stipulated in Vietnam law.
These Decisions took effect on the date of signing and are integral parts of License No. 71/GP-NHNN dated October 31, 2016, as issued by the SBV Governor for Woori Bank Vietnam
Thoa Le