The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1150/QĐ-NHNN on June 13 to extend the operational coverage of the license of HCMC branch of Bank of China.
The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1150/QĐ-NHNN on June 13 to extend the operational coverage of the license of HCMC branch of Bank of China.
Accordingly, the SBV Governor approved the additional operation of “debt purchasing” to Article III of License No. 02/NH-GP dated July 24, 1995 for HCMC branch of Bank of China.
HCMC branch of Bank of China is responsible for complying with the procedures in accordance with Item 3 of Article 18 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. 02/NH-GP dated July 24, 1995 for HCMC branch of Bank of China.
Le Hang