The State Bank of Vietnam (SBV) issued Decision No. 2106/QĐ-NHNN on October 6 to revise License of Military Joint-Stock Commercial Bank (MB).
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the international and domestic market within the scope stipulated by the SBV” to Point 8 of License No. 0054/NH-GP dated September 14, 1994 of the SBV Governor for the MB.
MB is responsible for providing the mentioned-above services in compliance with applicable laws and other relevant regulations; at the same time, 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. 0054/NH-GP dated September 14, 1994 of the SBV Governor for the MB.
Substances related to forex activities in Item 2.8 of Article 2 of Decision No. 194/QĐ-NH5 dated September 14, 1994; Certificate No. 2807/NHNN-CNH dated April 20, 2009 of being eligible for forex service provision; Certificate No. 2808/NHNN-CNH dated April 20, 2099 of registering forex service provision and other substances related to basic forex activities approved in other documents ceased to be effective from the date of signing this Decision.
Le Hang