On March 25, 2020, the State Bank of Vietnam (SBV) issued Document No. 2125/NHNN-TTGSNH permitting Toyota Financial Services Vietnam Company Limited (TFSVN) to establish its representative office.
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Accordingly, the SBV has approved the proposal to establish TFSVN's Hanoi Representative Office, specifically as follows:
Full name in Vietnamese: Công ty trách nhiệm hữu hạn một thành viên tài chính Toyota Việt Nam – Văn phòng đại diện Hà nội; Full name in English: Toyota Financial Services Vietnam Company Limited – Hanoi Representative Office; Abbreviated name in English: TFSVN - HRO; Head office address: 8th Floor - Lotte Center, 54 Lieu Giai, Cong Vi Ward, Ba Dinh District, Hanoi City, Vietnam.
TFSVN is responsible for conducting the legal procedures and complying with the provisions of the 2010 Law on Credit Institutions (as amended and supplemented in 2017), Circular No. 53/2018/TT-NHNN dated December 31, 2018 of the SBV regulating the operating networks of non-bank credit institutions.
The Document will cease to be valid if TFSVN does not inaugurate the above-mentioned representative office within 12 months from the date of its signing.
VA