On August 10th, 2018, the State Bank of Vietnam (SBV) issued a Decision supplementing the operational content to the License for establishment and operation of Saigon Commercial Bank (SCB).
Accordingly, the SBV approved the supplement of Article 4 License No. 283/GP-NHNN dated December 26th, 2011 to SCB as follows: "17) Investing in government bonds futures contracts".
SCB is responsible for implementing the procedures stipulated in Paragraph 3 Article 18b of Circular No. 40/2011/TT-NHNN issued by the SBV Governor on December 15th, 2011 regulating the licensing and organization and operation of commercial banks, branches of foreign banks, representative offices of foreign credit institutions or other foreign organizations engaging in banking activities in Vietnam (amended and supplemented by Circular No. 17/2017/TT-NHNN) with regard to the above-mentioned amendment.
This Decision takes effect from the signing date and is an integral part of License No. 283/GP-NHNN dated December 26th, 2011 to SCB.
VA