On March 23, 2021, the State Bank of Vietnam (SBV) issued Document No. 1892/ NHNN-TTGSNH allowing the Capital Aid for Employment of the Poor Microfinance Institution Ltd. (CEP) to establish a new branch.
Specifically, the SBV has approved of the establishment of one (1) new branch in An Giang province by CEP with its full name in English of: CEP-Long Xuyen Branch. The Branch's address is: No. 01 Ton Duc Thang, My Binh Ward, Long Xuyen City, An Giang Province.
The Document clearly stated that CEP is responsible for the opening and operations of the branch in accordance with the provisions of Paragraph 8, Article 15 and Article 17 of Circular No. 19/2019/TT-NHNN dated November 5, 2019 issued by the SBV Governor regulating the networks of microfinance institutions, and is responsible for publicizing the information about the establishment of its new branch as required for in Article 18 of this Circular.
The Document will cease to be valid in case CEP does not inaugurate the abovementioned branch within 12 months from the date of its signing.
VA