The State Bank of Vietnam (SBV) issued Document No. 4660/NHNN-TTGSNH on June 21, 2018 to permit the Woori Bank Vietnam Ltd. to establish branches and a transition office.
Accordingly, the SBV Governor approved that the Woori Bank Vietnam Ltd. is allowed to establish five branches in the provinces of Thai Nguyen, Ha Nam, Hai Phong, Dong Nai and Binh Duong. Moreover, the Woori Bank Vietnam Ltd. is permitted to establish a transaction office in Ho Chi Minh city.
The Woori Bank Vietnam Ltd. is responsible for implementing procedures for inaugurating, registering and publicizing newly established branches and office in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts. The Document will cease to be effective if the Woori Bank Vietnam Ltd. does not inaugurate the above – mentioned branches and transaction office within 12 months from the date of signing.
Le Hang