On March 29, 2022, the State Bank of Vietnam (SBV) issued Decision No. 466/QD-NHNN supplementing new operations to the License for the Establishment and Operations of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).
Accordingly, the SBV Governor has approved of the supplementation of two (02) additional operations as Point e and Point g to Paragraph 14 of Article 4 of the License for the Establishment and Operations No. 84/GP-NHNN dated April 23, 2012 issued by the SBV Governor to the BIDV, to read as follows:
“e. Provide clearing and settlement services for securities transactions in line with the provisions of Point a of Paragraph 4, Article 56 of the Law on Securities.
g. Acting as a supervisory bank in line with the securities laws.”
The BIDV shall be responsible for implementing the above-mentioned operations in line with the provisions of the Law on Securities and the Law on Credit Institutions; and for implementing the applicable procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions regarding the newly added operations.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 84/GP-NHNN dated April 23, 2012 issued by the SBV Governor to the BIDV.
LK