The State Bank of Vietnam (SBV) issued Document No.8819/NHNN-TTGSNH on October 30, 2017 allowing Standard Chartered Bank (Vietnam) Limited to open new branch in Ho Chi Minh City.
Accordingly, the SBV Governor approved Standard Chartered Vietnam to establish the District 7 branch in Ho Chi Minh city at Floor 1st, South Saigon Office Tower 1, No.1060 Nguyen Van Linh street, Tan Phong ward, District 7, HCMC.
Standard Chartered Vietnam is responsible for implementing procedures for inaugurating, registering and publicizing its newly established branches in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts.
At the same time, the Standard Chartered Vietnam is required to inaugurate the above – mentioned branch within 12 months from the date of signing. The Document will cease to be effective in case that the opening of this branch is not completed as scheduled.
Nguyen Giang