On February 13, 2018, the State Bank of Vietnam (SBV) issued Document No. 1072/NHNN-TTGSNH approving the Bac A Commercial Joint Stock Bank (Bac A Bank) to establish 05 branches in the following provinces: Nghe An, Thai Binh, Lao Cai, Dong Nai and Dak Lak.
Specifically, Bac A Bank is allowed to establish the following branches: Vinh City Branch at 117 Quang Trung Street, Vinh City, Nghe An Province; Thai Binh Branch at 135 Le Loi Street, De Tham Ward, Thai Binh City, Thai Binh Province; Lao Cai Branch at 406 Hoang Lien Street, Kim Tan Ward, Lao Cai City, Lao Cai Province; Dong Nai Branch at 217B/1 Pham Van Thuan Street, Tan Tien Ward, Bien Hoa City, Dong Nai Province; and Dak Lak Branch at 242 Quang Trung Street, Buon Ma Thuot City, Dak Lak Province.
SBV requires Bac A Bank to be responsible for implementing necessary procedures to inaugurate, register and publicize newly established transaction office in line with Circular No. 21/2013/TT-NHNN dated September 9th, 2013 on operational network of commercial banks and the other applicable legal texts.
The Document will cease to be effective if the Bac A Bank does not inaugurate the above – mentioned transaction office within 12 months from the date of signing.
VA