The State Bank of Vietnam (SBV) has issued Document No. 2416/NHNN-TTGSNH permitting Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) to establish additionally four (04) branches and nineteen (19) transaction offices.
Accordingly, Viet Capital Bank is allowed to establish the additional branches in the provinces of Thai Nguyen, Bac Giang, Dak Nong and Binh Phuoc.
Viet Capital Bank is also allowed to establish 19 more transaction offices in the provinces of Bac Ninh (3 transaction offices), Quang Ninh (2 transaction offices), Gia Lai (3 transaction offices), Binh Thuan (2 transaction offices), Tien Giang (1 transaction office), Soc Trang (3 transaction offices), Ca Mau (2 transaction offices), Nghe An (3 transaction offices).
Also in the Document, Viet Capital Bank is required to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branches and transaction offices in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks (as amended and supplemented) and the other applicable legal texts.
The Document will cease to be valid if Viet Capital Bank does not inaugurate the above-mentioned branches and transaction offices within 12 months from the date of its signing.
Le Hang