The State Bank of Vietnam (SBV) issued Decisions No.2217/QD-NHNN on October 25, 2017 on revoking license of opening Commonwealth Bank of Australia – Hochiminh City Branch.
Accordingly, the SBV Governor revoked License No.03/GP-NHNN dated January 8, 2008 of Commonwealth Bank of Australia – HCMC Branch.
Commonwealth Bank of Australia – HCMC Branch is responsible for publicizing the Decision on revoking License, implementing asset liquidation and other obligations in line with Circular No.34/2011/TT-NHNN dated October 28, 2011 on guiding orders and procedures of revoking License and asset liquidation of credit institutions and foreign bank branches; orders and procedures of revoking License on opening representative office of credit institutions and other foreign institutions with banking operations and other relevant regulations.
The Decisions took effect from the date of signing.
Nguyễn Giang