On February 14, 2019, the State Bank of Vietnam (SBV) issued Document No. 858/NHNN-TTGSNH permitting Bac A Joint Stock Commercial Bank (BacABank)) to establish more transaction offices.
Illustration image (source: internet)
Accordingly, BacABank is allowed to establish 07 additional transaction offices in the provinces of Thai Nguyen, Ha Nam, Bac Giang, Lam Dong.
The SBV also requires BacABank 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 BacABank does not inaugurate the above-mentioned transaction offices within 12 months from the date of its signing.
Le Hang