The State Bank of Vietnam (SBV) issued Decision No. 1639/QĐ-NHNN on August 1, 2017 to revise License of Vietnam International Joint-Stock Commercial Bank (VIB).
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Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market” to Point 8 of License No. 0060/NH-GP dated January 25, 1993.
VIB 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. 0060/NH-GP dated January 25, 1993.
All substances related to forex activities in Item 2.8 of Article 2 of Decision No. 22/QĐ-NH5 dated January 25, 1996 on granting License to VIB; Certificate No. 3045/NHNN-CNH dated April 28, 2009 on being eligible for providing forex services; Certificate No. 3046/NHNN-CNH dated April 28, 2009 on confirming registration of providing forex services and other basic forex activities as stipulated in other SBV’s documents granted to VID ceased to be effective from the date of signing this Decision.
Le Hang