The Governor of the State Bank of Vietnam (SBV) issued Decision No. 472/QĐ-NHNN on July 17 to extend the operational coverage of the license of the HCMC branch of the Bank of China.
Accordingly, the SBV Governor has approved the additional operation of “purchasing debts” to Article III of License No. 21/NH-GP dated July 24, 1995.
The HCMC branch of Bank of China is responsible for implementing the procedures in accordance with Item 3 of Article 18b 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. No. 21/NH-GP dated July 24, 1995.
Le Hang