The State Bank of Vietnam (SBV) issued Decision No. 1367/QĐ-NHNN on July 4, 2017 to revise License of Public Bank Vietnam Limited (Public Bank Vietnam).
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Accordingly, the SBV Governor approved the additional operation of “insurance agent in line with applicable law and SBV guidance” to Article 4 of License No. 38/GP-NHNN dated March 24, 2016 for Public Bank Vietnam.
Public Bank Vietnam is responsible for implementing procedures in line with Item 3 of Article 18 of Circular No. 40/2011/TT-NHNN dated December 12, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit 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. 38/GP-NHNN dated March 24, 2016 for Public Bank Vietnam.
Le Hang