On December 29, 2021, the State Bank of Vietnam (SBV) issued Document No. 9246/NHNN-TTGSNH and Document No. 9247/NHNN-TTGSNH allowing Tien Phong Joint Stock Commercial Bank (TienPhongBank) to establish additional branches and transaction offices.
Accordingly, in Document No. 9246/NHNN-TTGSNH, TienPhongBank is allowed to establish five (05) additional branches in Hanoi and the provinces of Ninh Binh, Thua Thien Hue, Binh Phuoc and Long An.
In Document No. 9247/NHNN-TTGSNH, TienPhongBank is allowed to establish twelve (12) additional transaction offices in Hanoi (02 transaction offices) and the provinces of An Giang, Binh Duong, Quang Nam, Quang Ninh, Thai Nguyen, Nam Dinh, Thanh Hoa, Nghe An, Dong Nai and Dak Lak (01 transaction office per province).
Also in the Documents, SeABank is requested 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 Documents will cease to be valid if TienPhongBank does not inaugurate the above-mentioned branches and transaction offices within 12 months from the date of their signing.
Le Hang