The State Bank of Vietnam (SBV) issued Decision No. 1366/QĐ-NHNN on July 4, 2017 to revise License of Industrial Bank of Korea – Hanoi branch.
Accordingly, the SBV Governor approved the additional operation of “trading and providing fore services in the domestic and international markets” to Item 16 of Article 4 of License No. 276/GP-NHNN dated September 16, 2013 for Industrial Bank of Korea – Hanoi branch.
Industrial Bank of Korea – Hanoi branch is responsible for providing the mentioned-above services in compliance with laws on forex and other relevant regulations; 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. 276/GP-NHNN dated September 16, 2013 for Industrial Bank of Korea – Hanoi branch.
Certificate No. 8567/NHNN-TTGSNH dated November 18, 2013 on eligibility for providing forex services and other previous documents on approving other forex activities granted to Industrial Bank of Korea – Hanoi branch will cease to be effective from the date of signing this Decision.
Le Hang