The State Bank of Vietnam (SBV) issued Decision No.1159/QD-NHNN dated May 30, 2018 to adjust the operational duration of Ho Chi Minh City (HCMC) branch of the CTBC Bank.
Accordingly, the SBV Governor has approved the adjustment of the operational duration as written in Article II of License No.04/NH-GP dated February 6, 2002 for Commercial Bank Chinatrust – Ho Chi Minh City branch (which is currently known as the CTBC Bank – HCMC branch) as follows: “The operational duration of the CTBC Bank – HCMC branch is 99 years, starting from February 6, 2002”.
Oversea-Chinese Banking Corporation LTD – HCM branch is responsible for registering the change with the relevant authorities and publicizing it in line with Item 4 of Article 29 of the Law on Credit Institutions.
Decision No.1159/QD-NHNN took effect from the date of signing and is an integral part of License No.04/NH-GP dated February 6, 2002.
Giang Nguyen