The State Bank of Vietnam (SBV) issued Decision No. 1962/QĐ-NHNN on September 21 to permit Ho Chi Minh City (HCMC) branch of United Overseas Bank to move its office to B1 Floor, Central Plaza Building, 17 Le Duan, Ben Nghe ward, District 1, HCMC by revising Article I of License No. 18/NH-GP dated March 27, 1995.
United Overseas Bank – HCMC branch is responsible for meeting all requirements in accordance with Item 3 of Article 23 of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting license to commercial banks, foreign bank branches, representative offices of foreign credit institutions and other international organizations with banking operations in Vietnam. Moreover, United Overseas Bank – HCMC branch is required to register and publicize the new venue of its office in line with Item 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect on the date of signing and is an integral part of License No. 18/NH-GP dated March 27, 1995 for United Overseas Bank – HCMC branch.
Le Hang