The State Bank of Vietnam (SBV) issued Decision No. 1742/QĐ-NHNN on August 15th, 2017 to revise License of Taipei Fubon Commercial Bank – Binh Duong branch.
Accordingly, the SBV Governor approved: (i) Amending and supplementing the operation contents of Article 5 of License for the opening of foreign bank branches No.02/GP-NHNN dated January 8th, 2008 issued by the Governor of the State Bank of Vietnam for Taipei Fubon Commercial Bank Co.,Ltd. - Ho Chi Minh Branch (now renamed as Taipei Fubon Commercial Bank - Binh Duong Branch) as follows: “Trading and providing forex services in the domestic and international market within the scope stipulated by the SBV”; (ii) Revising the content: “Taipei Fubon Commercial Bank - Binh Duong Branch is permitted to carry out the following activities in VND and in foreign currencies:" stated in Article 5 of License for the opening of foreign bank branches No.02/GP-NHNN dated January 8th, 2008 issued by the Governor of the State Bank of Vietnam for Taipei Fubon Commercial Bank Co.,Ltd. - Binh Duong Branch into “Taipei Fubon Commercial Bank - Binh Duong Branch is permitted to carry out the following activities in VND:”; Emitting the contents of "buy and sell foreign currencies"; “Providing transactions of money transfer from overseas into Vietnam or vice versa in accordance with the provisions of Vietnamese law"; "Performing other foreign exchange business activities on the domestic and international markets which are permitted by the SBV" stated in Item 4, Article 5 of License for the opening of foreign bank branches No.02/GP-NHNN dated January 8th, 2008 issued by the Governor of the State Bank of Vietnam for Taipei Fubon Commercial Bank Co.,Ltd. - Binh Duong Branch.
Taipei Fubon Commercial Bank - Hanoi Branch is responsible for providing services mentioned in this Decision in compliance with the provisions of the law on foreign exchange and other relevant regulations; To carry out the procedures prescribed in Item 3, Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 issued by the Governor of the State Bank of Vietnam regulating on licensing and organizations, operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (amended and supplemented by the State Bank's Circular No.08/2015/TT-NHNN dated June 30th, 2015) for the mentioned-above services.
This Decision took effect from the date of signing and is an integral part of License for the opening of foreign bank branches No.02/GP-NHNN dated January 8th, 2008 issued by the Governor of the State Bank of Vietnam for Taipei Fubon Commercial Bank Co.,Ltd. - Binh Duong Branch.
Document No. 9152/NHNN-TTGSNH of eligibility for foreign exchange service provision dated November 23rd, 2009 and documents approving other basic foreign exchange activities issued by the State Bank of Vietnam to Taipei Commercial Bank Fubon - Binh Duong Branch prior to the signing of this Decision expire on the date of signing this Decision.
VA