On September 11, 2020 the State Bank of Vietnam (SBV) – Ho Chi Mih City (HCMC) branch issued Decision No. 610/QD-HCM on supplementing additional operations to the License of Taipei Fubon Bank – HCMC branch.
Accordingly, the General Director of the SBV HCMC branch has approved the supplementation of Item 15 and Item 16 of Article 4 of License No. 54/GP-NHNN dated February 20, 2013 issued by the SBV Governor to Taipei Fubon Bank – HCMC branch, to read as follows:
“15. Debt purchase;
16. Acting as an insurance agent.”
Taipei Fubon Bank – HCMC branch is responsible for implementing the procedures as prescribed in 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, Circular No. 28/2018/TT-NHNN dated November 30, 2018 and Circular No. 25/2019/TT-NHNN dated December 2, 2019).
This Decision took effect from the date of signing and is an integral part of License No. 54/GP-NHNN dated February 20, 2013 issued by the SBV Governor to Taipei Fubon Bank – HCMC branch.
Le Hang