On November 12, 2018, the State Bank of Vietnam (SBV) issued Document No.8570/NHNN-TTGSNH permitting Vietnam Asia Commercial Joint Stock Bank (VietABank) to establish 03 more branches in Hoan Kiem, Cau Giay and Hai Ba Trung districts, Hanoi.
VietABank allowed to establish additional branches
On November 12, 2018, the State Bank of Vietnam (SBV) issued Document No.8570/NHNN-TTGSNH permitting Vietnam Asia Commercial Joint Stock Bank (VietABank) to establish 03 more branches in Hoan Kiem, Cau Giay and Hai Ba Trung districts, Hanoi.
In the Document, the SBV also requires VietABank to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branches in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks and the other applicable legal texts.
The Document will cease to be valid if VietABank does not inaugurate the above-mentioned branches within 12 months from the date of its signing.
Le Hang