The State Bank of Vietnam (SBV) issued Decision No.1853/QĐ-NHNN on September 1st, 2017 amending and supplementing the License for Operation of the foreign bank branch of BNP Paribas Bank - Ho Chi Minh Branch, Vietnam.
Accordingly, the SBV Governor has approved the amendment of Section II of Article III of the License for operation of foreign bank branches No.05/NH-GP dated June 5th, 1992 issued by SBV to BANQUE NATIONALE DE PARIS SACCURSALE (now BNP Paribas Bank - Ho Chi Minh Branch, Vietnam) into "Trading, providing foreign exchange services on the domestic market and in the international market within the scope prescribed by SBV.”
BNP Paribas Bank - Ho Chi Minh Branch, Vietnam has the following responsibilities: (i) To carry out the activities stated in this Decision to ensure compliance with the law on foreign exchange and other relevant regulations; (ii) To carry out the procedures prescribed in Clause 3, Article 18b of the Circular No.40/2011/TT-NHNN dated December 15th, 2011 on the granting of license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the above-mentioned content of revision.
Decision No.1853/QĐ-NHNN took effect from the date of signing and is an integral part of the License for operation of foreign bank branches No. 05 /NH-GP dated June 5th, 1992 issued by the Governor of SBV granted to BNP Paribas Bank - Ho Chi Minh Branch, Vietnam.
Certificate of Eligibility for Foreign Exchange Service Provision No.3267/ NHNN-TTGSNH dated May 5th, 2010; Certificate of Registration for Foreign Exchange Service Provision No.7508/NHNN-TTGSNH dated October 13th, 2014 and documents approving other basic foreign exchange activities issued by SBV to BNP Paribas Bank - Ho Chi Minh Branch before Decision No.1853/QĐ-NHNN cease to be effective from the date of signing.
VA