The State Bank of Vietnam (SBV) issued Decision No.2300/QĐ-NHNN on October 31st, 2017 to revise License of BIDV- SuMi TRUST Financial Limited Company.
Accordingly, the SBV Governor approved the revision of Clause 7 Article 4 of Establishment and Operation License No. 33/GP-NHNN dated April 12th, 2017 granted to BIDV- SuMi TRUST Financial Limited Company regarding the following activities:
“7. Other activities:
i) Trading and providing foreign exchange services in the domestic market within the scope stipulated by the SBV.”
BIDV- SuMi TRUST is responsible for: (i) Providing the mentioned-above services in compliance with applicable laws and other relevant regulations; (ii) Implementing procedures in line with Item 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 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 30th, 2015).
The Governor of State Bank of Vietnam assigned the Banking Supervision Agency (particularly: Banking Supervision Agency – Hanoi city Office) to oversee BIDV- SuMi TRUST Financial Limited Company's implementation of the above responsibilities.
This Decision took effect from the date of signing and is an integral part of Establishment and Operation License No. 33/GP-NHNN dated April 12th, 2017 granted to BIDV- SuMi TRUST Financial Limited Company.
Foreign exchange operations license No. 13/GP-NHNN dated May 22nd, 2003 issued by SBV to the Financial Leasing Company of Bank for Investment and Development of Vietnam (now known as BIDV- SuMi TRUST Financial Limited Company) shall cease to be effective from the date of signing this Decision.
VA