The State Bank of Vietnam (SBV) issued Decision No. 842/QD-NHNN on April 20, 2018 to revise the License of Joint-Stock Commercial Bank for Investment and Development of Vietnam (BIDV).
Accordingly, the SBV Governor approved the additional operation of “investment in Government bond future contracts” to Paragraph 4 of License No. 84/GP-NHNN dated April 23, 2012 for the BIDV.
BIDV 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. 84/GP-NHNN dated April 23, 2012 for the BIDV.
Le Hang