The State Bank of Vietnam (SBV) issued Decision No. 455/QD-NHNN on March 23, 2018 to revise the License of the JPMorganChase, N.A. – Ho Chi Minh city (HCMC) branch.
Accordingly, the SBV Governor approved the additional operations of “trading and providing interest rate derivatives” to Article III of License No. 09/NH-GP dated July 27, 1999 for the THE CHASE MANHATTAN BANK – HCMC branch (currently named as JPMorganChase, N.A. – HCMC branch).
The JPMorganChase, N.A. – HCMC branch is responsible for implementing the additional operations in compliance with the applicable laws; implementing the procedures as stipulated in Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No. 17/2017/TT-NHNN dated November 20, 2017).
This Decision took effect from the date of signing and is an integral part of License No. 09/NH-GP dated July 27, 1999 for JPMorganChase, N.A. – HCMC branch.
Le Hang