The State Bank of Vietnam (SBV) issued Decision No.2238/QĐ-NHNN on October 25, 2017 to revise License of Vietnam Bank for Agriculture and Rural Development (VBARD).
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market within the scope stipulated by the SBV” to Article 3 of Decision No. 280/QĐ-NH5 dated October 15, 1996 on establishing VBARD.
VBARD is responsible for providing the mentioned-above services in compliance with applicable laws; 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 Decision No. 280/QĐ-NH5 dated October 15, 1996 on establishing VBARD.
Certificate No. 442/NHNN-CNH dated January 16, 2009 on being eligible for providing forex services; Certificate No. 7103/NHNN-TTGSNH dated September 14, 2009 on confirming the registration of forex service provision; and documents on approving basic forex activities granted to VBARD ceased to be effective from the date of signing this Decision.
Le Hang