The State Bank of Vietnam (SBV) issued Decision No.1936/QĐ-NHNN on September 15, 2017 to revise License of Standard Chartered Bank (Vietnam) Limited.
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market within the scope stipulated by the SBV” to Item 2 of Article 6 of License No. 236/GP-NHNN dated September 8, 2008 for Standard Chartered Bank (Vietnam) Limited.
Standard Chartered Bank (Vietnam) Limited 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. 236/GP-NHNN dated September 8, 2008 for Standard Chartered Bank (Vietnam) Limited.
Following certificates and documents ceased to be effective from the date of signing this Decision: Certificate No.6573/NHNN-TTGSNH dated August 25, 2009 on being eligible for proving forex services; Certificate No. 120/NHNN-TTGSNG dated January 7, 2010 on confirming registration of forex service provision; Certificate No. 182/NHNN-TTGSNH dated January 8, 2013 on confirming registration of forex service provision and documents on approving other basic forex activities, which was granted to Standard Chartered Bank (Vietnam) Limited before the date of signing Decision No. 1936/QĐ-NHNN.
Le Hang