The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2105/QD-NHNN dated October 6, 2017 on revising the License of the Saigon Thuong Tin Joint-Stock Commercial Bank (Sacombank).
Accordingly, the SBV Governor approved the addition of operation of “trading and providing forex services in the domestic and international market in line with the scope of operations stipulated by the SBV" to Item 8 of License No. 0006/NH-GP dated December 5, 1991 for Sacombank.
Sacombank is responsible for implementing above-mentioned activities in accordance with laws on foreign currencies and relevant regulations; Accomplishing procedures as stipulated in Item 3, Article 18 of Circular No.40/2011/TT-NHNN dated December 15th, 2011 of the SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as revised by Circular No 08/2015/TT-NHNN dated June 30, 2015).
Decision No. 2105/QD-NHNN takes effect from the date of signing and is an integral part of License No. 0006/NH-GP dated December 5, 1991 for Sacombank.
Substances relating to providing foreign exchange services at Item 2 Article 2 of Decision No. 223/NH-QD dated December 5, 1991 on granting License for Sacombank; Certification on approving the registration of providing foreign exchange services No. 5072/NHNN-TTGSNH dated July 3, 2009 and other documents on approving other basic foreign exchange services granted by SBV for Sacombank cease to be effective from the date of signing this Decision.
Nguyen Giang