On November 26, 2018, the State Bank of Vietnam (SBV) issued Document No.9166/NHNN-TTGSNH permitting Vietnam Maritime Joint Stock Commercial Bank (Maritime Bank) to establish 4 more branches in the provinces of Lao Cai, Kon Tum, Vinh Long and Quang Ngai.
In the Document, the SBV also requires Maritime Bank 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 Maritime Bank does not inaugurate the above-mentioned branches within 12 months from the date of its signing.
Le Hang