The State Bank of Vietnam (SBV) issued Decision No. 1698/QĐ-NHNN on August 9, 2017 to revise License of Sumitomo Mitsui Banking Corporation – Hanoi branch.
Accordingly, the SBV Governor approved the revision of Item 2 of Article 5 of License No.292/GP-NHNN dated November 4, 2008 for Sumitomo Mitsui Banking Corporation – Hanoi branch as follows: “trading and providing forex services in the domestic and international market within the scope stipulated by the SBV”.
At the same time, the SBV revised substance of “1. Sumitomo Mitsui Banking Corporation – Hanoi branch is allowed to provide following services in VND and foreign currencies” as written in Item 1 of Article 5 of License No. 292/GP-NHNN dated November 4, 2008 for Sumitomo Mitsui Banking Corporation – Hanoi branch as follows: “1. Sumitomo Mitsui Banking Corporation – Hanoi branch is allowed to provide following services in VND”.
Sumitomo Mitsui Banking Corporation – Hanoi branch is responsible for providing the mentioned-above services in compliance with applicable laws and other relevant regulations; at the same time, 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.292/GP-NHNN dated November 4, 2008 for Sumitomo Mitsui Banking Corporation – Hanoi branch .
Le Hang