On November 26, 2018, the State Bank of Vietnam (SBV) issued Document No.8939/NHNN-TTGSNH permitting the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to establish 18 more transaction offices in the provinces of Hung Yen, Hai Duong, Nghe An, Binh Thuan, Gia Lai, Dien Bien, Ha Giang, Tien Giang, Tra Vinh, Ninh Binh, Dak Lak, An Giang, Nam Dinh and the city of Hanoi.
In the Document, the SBV also requires BIDV to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established transaction offices 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 BIDV does not inaugurate the above-mentioned transaction offices within 12 months from the date of its signing.
Le Hang