The State Bank of Vietnam (SBV) issued Decision No. 1740/QĐ-NHNN on August 15th, 2017 to revise License of Taipei Fubon Commercial Bank – Ho Chi Minh branch.
Accordingly, the SBV Governor has approved the revision of main substances including (i) To supplement new content to the Article 4 of the License No.54/GP-NHNN dated February 20th, 2013 of Taipei Fubon Commercial Bank - HCMC branch as follow: “providing the foreign exchange business and services in the domestic and international market in line with the SBV’s regulations"; (ii) To revise the content written in Article 4 of the License No.54/GP-NHNN dated February 20th, 2013 of Taipei Fubon Commercial Bank - HCMC branch, from: “Taipei Fubon Commercial Bank - HCMC Branch is permitted to carry out the following activities of commercial bank in Vietnam Dong and foreign currencies in line with laws and SBV’s regulations, as follow:”, to: “Taipei Fubon Commercial Bank - HCMC Branch is permitted to carry out the following activities of commercial bank in Vietnam Dong in accordance with laws and SBV’s regulations, as follow:”.
Taipei Fubon Commercial Bank - HCMC Branch is responsible for: Implementing above-mentioned activities in accordance with laws on foreign currencies and relevant regulations; Accomplishing procedures stipulated in Item 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 2011 issued by SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations having banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the mentioned above contents of revision.
This Decision took effect from the date of signing and is an integral part of License No.54/GP-NHNN dated February 20th, 2013 of Taipei Fubon Commercial Bank - HCMC Branch.
Document No.1012/NHNN-TTGSNH dated February 20th, 2013 on foreign exchange services and business and documents approving other major foreign exchange operations granted by SBV for Taipei Fubon Commercial Bank - HCMC Branch before the date of signing Decision No.1740/QĐ-NHNN cease to effect from the date of signing this Decision.
Thoa Le