On October 18th 2017, the State Bank of Vietnam (SBV) issued Decision No.2184/QD-NHNN amending and supplementing the License to open a foreign branch for CTBC Bank Co., Ltd. - Ho Chi Minh City branch.
Accordingly, the SBV Governor approved: Amending and supplementing the operation contents of Item II, Article 3 of License for the opening of foreign bank branches No.04/GP-NHNN dated February 6th, 2002 issued by the Governor of the State Bank of Vietnam for Chinatrust Commercial Bank - Ho Chi Minh City branch (now renamed as CTBC Bank - Ho Chi Minh City Branch as regulated by Decision No. 2129/QD-NHNN dated September 23rd, 2013) as follows: “Trading and providing forex services in the domestic and international market within the scope stipulated by the SBV”;
CTBC Bank Co., Ltd. - Ho Chi Minh City branch is responsible for providing services mentioned in this Decision in compliance with the provisions of the law on foreign exchange and other relevant regulations; To carry out the procedures prescribed in Item 3, Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 issued by the Governor of the State Bank of Vietnam regulating on licensing and organizations, operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (amended and supplemented by the State Bank's Circular No.08/2015/TT-NHNN dated June 30th, 2015) for the mentioned-above services.
This Decision took effect from the date of signing and is an integral part of License for the opening of foreign bank branches No.04/GP-NHNN dated February 6th, 2002 issued by the Governor of the State Bank of Vietnam for Chinatrust Commercial Bank - Ho Chi Minh City branch (now renamed as CTBC Bank - Ho Chi Minh City Branch as regulated by Decision No. 2129/QD-NHNN dated September 23rd, 2013)
Document No. 77/NHNN-CNH of eligibility for foreign exchange service provision dated January 6th, 2009 and documents approving other basic foreign exchange activities issued by the State Bank of Vietnam to CTBC Bank Co., Ltd. - Ho Chi Minh City branch prior to the signing of this Decision expire on the date of signing this Decision.
VA