On September 3, 2019, the State Bank of Vietnam (SBV) issued Document No. 6915/NHNN-TTGSNH permitting Woori Bank Vietnam Limited to establish five branches.
Accordingly, Woori Bank Vietnam Limited is allowed to establish its branches in Hanoi, Vinh Phuc, Da Nang, Ho Chi Minh City and Dong Nai.
The SBV requires Woori Bank Vietnam Limited 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 regulations.
The Document will cease to be valid if Woori Bank Vietnam Limited does not inaugurate the above-mentioned branches and transaction offices within 12 months from the date of its signing.
Le Hang