The Governor of the State Bank of Vietnam (SBV) issued Decision No.1365/QĐ-NHNN on July 4, 2017 to approve the addition of operation of “selling and purchasing corporate bonds” to Article 6 of License No. 341/GP-NHNN dated December 29, 2008 for Shinhan Bank Vietnam.
In the process of implementing operation of “selling and purchasing corporate bonds”, Shinhan Bank Vietnam is responsible for complying regulations stipulated in Circular No.22/2016/TT-NHNN dated June 30, 2016 on the purchase of corporate bonds by credit institutions and branches of foreign banks, and other relevant laws.
The SBV Governor requires Shinhan Bank Vietnam to implement 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 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.1365/QĐ-NHNN takes effect from the date of signing and is an integral part of License No. 341/GP-NHNN dated December 29, 2008 for Shinhan Bank Vietnam.
Nguyen Giang