The State Bank of Vietnam (SBV) issued Decision No.2272/QD-NHNN on October 30, 2017 to revise the License of Ho Chi Minh Development Joint Stock Commercial Bank (HDBank).
Accordingly, the SBV Governor approved the addition of operation of “trading and providing forex services in the domestic and international market in line with the scope of operations stipulated by the SBV" to Item 8, License No.00019/GP-NHNN dated June 6, 1992 of HDBank.
HDBank 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. 2272/QD-NHNN takes effect from the date of signing and is an integral part of License No.00019/GP-NHNN dated June 6, 1992 of HDBank.
Relevant contents relating to foreign exchange services at Item 8, Article 2 of Decision No.102/QD-NH5 dated June 6, 1992 on granting License for HDBank, Decision No.217/QD-NH5 dated October 14, 1992 on permitting HDBank to provide banking services in foreign currencies, Certification on confirming eligibility of providing foreign exchange services No. 2273/NHNN-CNH dated April 2, 2009, Certification on confirming the registration of providing foreign exchange services No. 2274/NHNN-CNH dated April 2, 2009 and other documents on approving basic foreign exchange services granted by SBV for HDBank, which were signed before the date of signing Decision No.2272//QD-NHNN dated October 30, 2017, cease to be effective from the date of signing this Decision.
Nguyen Giang