The State Bank of Vietnam (SBV) issued Decision No.1374/QD-NHNN on June 29, 2018 revising the License of United Overseas Bank Limited (Vietnam)
Accordingly, the SBV Governor approved to supplement Paragraph 18, Article 4 of License No.57/GP-NHNN dated September 21, 2017 of United Overseas Bank Limited (Vietnam). The additional operations are noted as follows: “18. trading and providing forex services in the international and domestic markets within the scope as stipulated by the SBV”.
United Overseas Bank Limited (Vietnam) is responsible for conducting the above operations in compliance with the laws on foreign exchanges and other relevant regulations; implementing the procedures in line with Paragraph 3, 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 credit institutions with banking operations in Vietnam (as revised 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.57/GP-NHNN dated September 21, 2017 issued by the SBV Governor for United Overseas Bank Limited (Vietnam).
Le Hang