On March 12, 2020, the State Bank of Vietnam (SBV) issued Documents No. 1628 and No. 1629/NHNN-TTGSNH approving the establishment of 02 additional transaction offices of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB).
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Accordingly, the SBV Governor has approved the VCB to establish 02 additional transaction offices, specifically as follows:
Son Duong Transaction Office in Tuyen Quang Province located at Son Duong district, Tuyen Quang province;
Di Linh Transaction Office in Lam Dong Province located at Highway 20, Di Linh district, Lam Dong province;
The SBV also required the VCB to take responsibility for implementing the necessary procedures to inaugurate, register and publicize the newly established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9th, 2013 on the operational networks of commercial banks (as amended and supplemented) and other applicable legal texts.
The Document will cease to be effective if the VCB does not inaugurate the above-mentioned transaction offices within 12 months from the date of its signing.
VA