The State Bank of Vietnam (SBV) issued Decision No. 1084/QD-NHNN dated May 15th, 2018 revising the operation content in the Establishment and Operation License of Shinhan Bank Vietnam Limited.
Accordingly, the SBV Governor approved the amendment of the content at Article 6 of License for the Establishment and Operation of bank with 100% foreign capital No. 341/GP-NHNN dated December 29th, 2008 granted for Shinhan Bank Vietnam Limited as follows: “Participating in the bidding, purchasing and sales of Treasury bills, negotiable instruments, Government bonds, SBV bills and other valuable papers in monetary market”
When carrying out activities of “participating in the bidding, purchasing and sales of Treasury bills, negotiable instruments, Government bonds, SBV bills and other valuable papers in monetary market”, Shinhan Bank Vietnam Limited is responsible for the implementation of all relevant provisions of applicable laws.
Shinhan Bank Vietnam Limited is responsible for implementing the additional operations in compliance with applicable laws; implementing the procedures in line with 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/TT-NHNN dated November 20, 2017).
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operation of bank with 100% foreign capital No. 341/GP-NHNN dated December 29th, 2008 granted for Shinhan Bank Vietnam Limited.
VA