On September 20, 2019, the State Bank of Vietnam (SBV) issued Document No. 7447/NHNN-TTGSNH approving the request for establishing 11 new representative offices of the Vietnam Prosperity Joint-Stock Commercial Bank Finance Company Limited (VPBank FC).
Accordingly, the VPBank FC is allowed to open 11 new representative offices, namely:
Ho Chi Minh City Representative Office is approved to establish with the head office at No. 144 Cong Hoa Street, Ward 12, Tan Binh District, Ho Chi Minh City.
Quang Ninh Representative Office is approved to establish with the head office at No. 19, Street 25/4, Hong Gai Ward, Ha Long City, Quang Ninh Province.
Thanh Hoa Representative Office is approved to establish with the head office at No. 717 Ba Trieu Street, Truong Thi Ward, Thanh Hoa City, Thanh Hoa Province.
Nghe An Representative Office is approved to establish with the head office at No. 42 Dinh Le Street, Trung Yen Block, Hung Dung Ward, Vinh City, Nghe An Province.
Phu Tho Representative Office is approved to establish with the head office at No. 111, Group 1, Tan Phu Area, Tan Dan Ward, Viet Tri City, Phu Tho Province.
Quang Tri Representative Office is approved to establish with the head office at No. 176 Le Duan Street, Quarter 2, Dong Le Ward, Dong Ha City, Quang Tri Province.
Dak Lak Representative Office is approved to establish with the head office at No. 152 Nguyen Tri Phuong Street, Thanh Cong ward, Buon Ma Thuot City, Dak Lak Province.
Can Tho Representative Office is approved to establish with the head office at Area 5, Alley 124, Mau Than Street, An Hoa Ward, Ninh Kieu District, Can Tho City.
An Giang Representative Office is approved to establish with the head office at No. 30G2 Ly Phat Ma Street, Binh Khanh Ward, Long Xuyen City, An Giang Province.
Binh Dinh Representative Office is approved to establish with the head office at No. 355 Dong Da street, Thi Nai Ward, Quy Nhon City, Binh Dinh Province.
Binh Duong Representative Office is approved to establish with the head office at No. 01 Hoang Van Thu Street - Chanh Nghia Residential Area, Thu Dau Mot City, Binh Duong Province.
The Document also clearly requests VPBank FC to take responsibility for carrying out the legal procedures and complying with the provisions of the 2010 Law on Credit Institutions (as amended and supplemented in 2017), and Circular No. 53/2018/TT-NHNN dated December 31, 2018 stipulating the operational networks of non-bank credit institutions.
The Document will cease to be valid if VPBank FC does not inaugurate the above-mentioned representative offices within 12 months from the date of its signing.
VA