The State Bank of Vietnam (SBV) issued Decision No. 2290/QĐ-NHNN on October 31 to revise License of Southeast Asia Commercial Joint - Stock Bank (SeABank).
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the international and domestic market within the scope as stipulated by the SBV” to Point 8 of License No. 0051/NH-GP dated March 25, 1994 of the SBV Governor for the SeABank.
SeABank is responsible for providing the mentioned-above services in compliance with applicable laws and other relevant regulations; at the same time, 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 License No. 0051/NH-GP dated March 25, 1994 of the SBV Governor for the SeABank.
Substances related to forex activities in Item 8 of Article 2 of Decision No.47/QĐ-NH5 dated March 25, 1994 of the SBV Governor for the SeABank; Certificate No.1977/NHNN-CNH dated March 24, 2009 on confirming eligibility for forex service provision; Certificate No.1978/NHNN-CNH dated March 24, 2009 on confirming the registration of forex service provision; Certificate No.6165/NHNN-TTGSNH dated August 22, 2014 on confirming the registration of forex service provision and other substances related to basic forex activities approved in other documents granted to the SeABank before the date of signing this Decision ceased to be effective from the effective date of this Decision.
Le Hang