The Governor of the State Bank of Vietnam (SBV) issued Decision No. 891/QĐ-NHNN on May 8 to extend the operational coverage of the license of Joint-Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
Accordingly, the SBV Governor has approved the additional operation of “purchasing debts” to Item 2.4 of Article 3 of License No. 138/GP-NHNN dated March 25, 2008 for the Vietcombank.
Vietcombank 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. 138/GP-NHNN dated March 25, 2008 for the Vietcombank.
Le Hang