The State Bank of Vietnam (SBV) issued Decision No.2297/QD-NHNN on October 31, 2017 to revise the License of Viet Capital Commercial Joint Stock Bank (Viet Capital Bank).
20171103163714770Viet Capital Bank
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.0025/NH-GP dated August 22, 1992 of Viet Capital Bank.
Viet Capital Bank 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.2297/QD-NHNN takes effect from December 1, 2017 and is an integral part of License No.0025/NH-GP dated August 22, 1992 of Viet Capital Bank.
Relevant contents relating to foreign exchange services at Item 8, Article 2 of Decision No. 162/QĐ-NH5 dated August 22, 1992 on granting License for Viet Capital Bank; Certification on confirming eligibility of providing foreign exchange services No. 9959/NHNN-CNH dated December 11, 2008; Certification on confirming the registration of providing foreign exchange services No. 107/NHNN-CNH dated January 8, 2009 and other documents on approving basic foreign exchange services granted by SBV for Viet Capital Bank, which were signed before December 1, 2017, cease to be effective from December 1, 2017.
Nguyen Giang