The State Bank of Vietnam (SBV) issued Decision No. 1645/QĐ-NHNN on August 1, 2017 to revise License of JPMorgan Chase, N.A. – HCMC branch.
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market” to Article III of License No. 09/NH-GP dated July 27, 1999 for THE CHASE MANHATTAN BANK – HCMC branch (currently named as JPMorgan Chase, N.A. – HCMC branch); at the same time, abolished Item II of Article III of License No. 09/NH-GP dated July 27, 1999.
JPMorgan Chase, N.A. – HCMC branch is responsible for providing the mentioned-above services in compliance with applicable laws; implementing procedures in line with Item 3 of Article 18 of Circular No. 40/2011/TT-NHNN dated December 15, 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. 09/NH-GP dated July 27, 1999.
License No. 1158/GP-QLNH5 dated September 5, 2000 and other documents on approving forex services of JPMorgan Chase, N.A. – HCMC branch ceased to be effective from the date of signing this Decision.
Le Hang