The State Bank of Vietnam (SBV) issued Document No. 7541/NHNN-TTGSNH on September 20 on changing savings funds of Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) into transaction offices.
Accordingly, VietBank is allowed to establish 11 transaction offices on the basis of changing 11 savings funds in Ho Chi Minh City. Newly established transaction offices are as follows: Nguyen Thi Dinh transaction office, Tran Nao transaction office, Nguyen Tat Thanh transaction office, Huynh Tan Phat transaction office, Vo Van Ngan transaction office, Hang Xanh transaction office, Le Van Khuong transaction office, Nguyen Anh Thu transaction office, Phan Dinh Phung transaction office, Thanh Da transaction office, Dinh Tien Hoang transaction office.
The SBV requires VietBank to be responsible for implementing procedures of inaugurating, registering and publicizing newly established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts.
The Document will cease to be effective if the VietBank does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
Le Hang