The State Bank of Vietnam (SBV) issued Document No. 3945/NHNN-TTGSNH on may 25 to permit Tien Phong Joint-Stock Commercial Bank (TPBank) to establish four transactions offices in the provinces of Quang Ninh, Nghe An, Binh Duong and Dong Nai.
The SBV requires TPBank to be responsible for implementing procedures to inaugurate, register and publicize newly established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts.
The Document will cease to be effective if the TPBank does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
Le Hang