The Governor of the State Bank of Vietnam (SBV) issued Decision No.2204/QD-NHNN dated October 23, 2017 on revising the License of Saigon Joint - Stock Commercial Bank (SCB).
Accordingly, the SBV Governor approved the revision of Item 8, Article 4 of License No. 283/GP-NHNN dated December 26, 2011 of SCB as follow: “trading and providing forex services in the domestic and international market in line with the scope of operations stipulated by the SBV".
SCB 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.2204/QD-NHNN takes effect from the date of signing and is an integral part of License No.283/GP-NHNN dated December 26, 2011 of SCB.
Certification on confirming adequate conditions of providing foreign exchange services No. 9824/NHNN-TTGSNH dated December 26, 2011; Certification on confirming registration of providing foreign exchange services No. 9825/NHNN-TTGSNH dated December 26, 2011 and other basic foreign exchange services at other approval documents granted by SBV for SCB prior to the date of signing Decision No.2204//QD-NHNN cease to be effective from the date of signing this Decision.
Nguyen Giang