The State Bank of Vietnam (SBV) issued Decision No. 745/QD-NHNN on April 11, 2018 to revise License of Agricultural Bank of China Limited – Hanoi branch.
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the international and domestic market within the scope as stipulated by the SBV” to Article 4 of License No. 80/GP-NHNN dated December 28, 2017 of the SBV Governor for Agricultural Bank of China Limited – Hanoi branch.
Agricultural Bank of China Limited – Hanoi branch is responsible for implementing procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 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. 17/2017/TT-NHNN dated November 20, 2017).
At the same time, when implementing operations of “trading and providing forex services in the international and domestic market within the scope as stipulated by the SBV”, Agricultural Bank of China Limited – Hanoi branch is required to comply with regulations on fore and other relevant laws.
This Decision took effect from the date of signing and is an integral part of License License No. 80/GP-NHNN dated December 28, 2017 of the SBV Governor for Agricultural Bank of China Limited – Hanoi branch.
Le Hang