On March 4, 2020 the State Bank of Vietnam (SBV) issued Decision No.315/QD-NHNN supplementing an additional operation to the License of HSBC (Vietnam) Limited.
Accordingly, the SBV Governor has approved the supplementation of the operation of “Acting as an insurance agent” to Point d of Paragraph 1 of Article 6 of License No. 235/GP-NHNN dated September 8, 2008 issued by the SBV Governor to HSBC (Vietnam) Limited.
HSBC (Vietnam) Limited is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 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 20th, 2017).
This Decision took effect from the date of signing and is an integral part of License No. 235/GP-NHNN dated September 8, 2008 issued by the SBV Governor to HSBC (Vietnam) Limited.
Le Hang