On August 28th, 2018, the State Bank of Vietnam (SBV) issued Decision No.1681/QD-NHNN amending and supplementing the License for Establishment and Operations of Vietnam Public Joint-stock Commercial Bank (PVcomBank).
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Accordingly, the SBV Governor approved the amendment and supplement of Article 4 of the Establishment and Operation License No.279/GP-NHNN dated September 19th, 2013 for PVcomBank as follows: (i) Amending and supplementing Paragraph 8 to be read as: Borrowing, lending, depositing and receiving capital deposits of credit institutions, foreign banks' branches, domestic and foreign financial institutions in accordance with the provisions of law and the instructions of the State Bank of Vietnam"; (ii) Amending and supplementing Paragraph 12 to be read as: "12. To participate in the biddings, purchases and sales of the treasury bills, negotiable instruments, the government bonds, the SBV bills and other valuable papers in the monetary market in accordance with the provisions of law and the instructions of the State Bank of Vietnam"; (iii) Supplementing Paragraph 16 to be read as: "16. To invest in the government bond futures under the provisions of law and the instructions of the State Bank of Vietnam. "
PVcomBank is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No.17/2017/TT-NHNN dated November 20th, 2017).
This Decision takes effect from the date of signing and is an integral part of License No.279/GP-NHNN dated September 16th 2013 granted to PVcomBank.
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