The Governor of the State Bank of Vietnam (SBV) issued Decision No.1150/QĐ-NHNN on June 13, 2017 to approve the addition of operation of “debt purchasing service” to Article III of License No.02/NH-GP dated July 24, 1995 for Bank of China – Hochiminh City Branch.
Bank of China – Hochiminh City Branch is responsible for implementing legal procedures as stipulated in Item 3, Article 18 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.
Decision No.1150/QĐ-NHNN took effect from the date of signing and is an integral part of License No.02/NH-GP dated July 24, 1995 for Bank of China – Hochiminh City Branch.
Nguyen Giang