On September 28th, 2018, the State Bank of Vietnam (SBV) issued License No. 94/GP-NHNN on the establishment and operations of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
Accordingly, the SBV revises License No. 0042/NH-GP dated August 12th, 1993 granted to VPBank, as follows:
Full-name in Vietnamese: Ngân hàng thương mại cổ phần Việt Nam Thịnh Vượng
Full-name in English: Viet Nam Prosperity Joint Stock Commercial Bank
Abbreviation in English: VPBank
Head office address: No. 89 Lang Ha Street, Lang Ha Ward, Dong Da District, Hanoi City, Vietnam
The charter capital of VPBank is VND 24,962,728,720,000 (in words: Twenty four thousand nine hundred sixty two billion, seven hundred twenty eight million, seven hundred and twenty thousand Vietnamese dongs).
The duration of operation of VPBank is 99 years, starting from August 12th, 1993.
VPBank is permitted to perform the operations of a commercial bank in accordance with the laws and regulations of the SBV, including the following activities:
(i) Receiving time and demand deposits, savings and other deposits;
(ii) Extending credit in such forms as lending, discounting and rediscounting of negotiable instruments and other valuable papers; bank guarantees; issuing credit cards, domestic factoring;
(iii) Opening payment accounts;
(iv) Providing payment services in the domestic market: providing payment methods; performing services of payment in cheque, payment orders, encashment orders, letters of credit, bank cards, cash in and cash out;
(v) Opening accounts: Opening accounts at the SBV, other credit institutions and foreign banks’ branches;
(vi) Internal payment, participating in the national inter-bank payment system;
(vii) Providing services of cash management, banking and finance consultancy, asset preservation and safe keeping;
(viii) Providing consultancy services in the fields of corporate finance, M&A, and investment;
(ix) Participating in the biddings for the State Treasury bills, and the trading of negotiable instruments, the Government bonds, the SBV bills and other valuable papers in the money market;
(x) Trading of corporate and the Government bonds;
(xi) Providing the service of money brokerage;
(xii) Issuing certificates of deposits, promissory notes, bills and bonds to mobilize capital in accordance with the Law on Credit Institutions, the Securities Law, the Government regulations and the SBV’s guidance;
(xiii) Borrowing from the SBV in the form of refinancing under the Law on the State Bank of Vietnam and the SBV’s guidance;
(xiv) Borrowing, lending, depositing and receiving deposits of other credit institutions, foreign banks’ branches, domestic and international financial institutions in line with the applicable laws and the SBV’s guidance;
(xv) Contributing capital, purchasing shares in accordance with the provisions of law and the SBV's guidance;
(xvi) Being a trustee and/or a trustor, acting as an agent in relation to banking operations, insurance and asset management in line with the applicable laws and the SBV’s guidance;
(xvii) Trading and providing foreign exchange services in the domestic market and in the international market within the scope prescribed by the SBV;
(xviii) Trading and providing interest rate derivative products in accordance with the provisions of law and the SBV's guidance;
(xix) Securities depository;
(xx) Trading gold bullion;
(xxii) E-wallet;
(xxiii) Investing in Government bond futures.
VPBank must comply with the applicable laws of Vietnam.
This License takes effect from the date of signing and shall replace License No. 0042/NH-GP dated August 12th, 1993 of the SBV granted to the VPBank; Decision No. 150/QD-NH5 of August 12th, 1993 on the granting of the Operational License to VPBank; Decision No. 805/QD-NHNN dated April 21st 2006, Decision No. 2700/QD-NHNN dated December 22nd 2011, Decision No. 1604/QD-NHNN dated August 20th 2012, Decision No. 1932/QD-NHNN dated September 21st 2012, Decision No. 2787/QD-NHNN dated December 3rd 2013, Decision No. 1386/QD-NHNN dated July 14th 2014, Decision No. 1921/QD-NHNN dated September 18th 2014, Decision No. 130/QD-NHNN dated January 30th 2015, Decision No. 1564/QD-NHNN dated August 7th 2015, Decision No. 300/QD-NHNN dated March 11th 2016, Decision No. 1523/QD-NHNN dated July 28th 2016, Decision No. 1681/QD-NHNN dated August 24th 2016, Decision No. 55/QD-NHNN dated January 11th 2017, Decision No. 525/QD-NHNN dated March 26th 2018 approving the supplements of the operations in the License of VPBank; Decision No. 1815/QD-NHNN dated July 27th 2010 approving the renaming of the Joint Stock Commercial Bank for Non-State Enterprises of Vietnam into Vietnam Prosperity Joint Stock Commercial Bank; Decision No. 1997/QD-NHNN dated October 5th 2016, Decision No. 1670/QD-NHNN dated August 23rd 2018 amending the License of Vietnam Prosperity Joint Stock Commercial Bank.
The License for gold trading No. 282/GP-NHNN dated December 28th, 2012 granted to VPBank continues to be effective.
VA