The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1188/QĐ-NHNN on June 6 to appoint the Saigon – Hanoi Commercial Joint Stock Bank (SHB) as the service bank for the “Medium Cities Development Project” in line with Credit Agreements No. 6070-VN and No. 6071-VN signed between the Socialist Republic of Vietnam and the on World Bank (WB) on December 15, 2017.
Under this decision, the General Director of the SHB is responsible for providing banking services to the project in line with Decree No. 16/2016/NĐ-CP dated March 16, 2016 on the management and utilization of the Official development assistance (ODA) and the guidelines of SBV, the Ministry of Finance and the WB.
This Decision took effect from the date of signing.
Le Hang