On May 14, 2020, the State Bank of Vietnam (SBV) issued Document No. 3496/NHNN-TTGSNH approving the request by Nam A Joint-Stock Commercial Bank (NamABank) for establishing a new branch in Thua Thien Hue province.
Accordingly, NamABank is permitted to establish its Thua Thien Hue branch at the proposed address of Nguyen Hue street, Phu Nhuan ward, Hue City, Thua Thien Hue province.
In the Document, the SBV also requires NamABank to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branch 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 documents.
The Document will cease to be valid if NamABank does not inaugurate the above-mentioned branch within 12 months from the date of its signing.
Le Hang