On February 20, 2019, the State Bank of Vietnam (SBV) issued Decision No. 292/QD-NHNN revising the License on the Establishment and Operations of Kookmin Bank Hanoi branch.
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Accordingly, the SBV Governor approved the amendment and supplement of Article 4 of License No. 117/GP-NHNN dated December 3, 2018 for Kookmin Bank Hanoi branch, to read as follows: “16. Trading, providing forex services in the domestic and international markets within the scope as stipulated by the SBV”.
The SBV Governor also required Kookmin Bank Hanoi branch to fully implement the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No. 17/2017/TT-NHNN dated November 20, 2017 and Circular No. 28/2018/TT-NHNN dated November 30, 2018).
Kookmin Bank Hanoi branch is responsible for implementing the regulations on forex operations and other relevant laws.
This Decision took effect from the date of signing and is an integral part of License No. 117/GP-NHNN dated December 3, 2018 for Kookmin Bank Hanoi branch.
Le Hang