On April 19, 2022, the State Bank of Vietnam (SBV) issued Decision No. 700/QD-NHNN revising the License of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
Accordingly, the SBV Governor has approved of two additional operations to be supplemented to Point 2.4, Paragraph 2 of Article 3 of License No.138/GP-NHNN dated May 23, 2018 issued by the SBV Governor to Vietcombank, to read as follows:
“- Providing the service of clearing, payment of securities transactions in accordance with the requirements in Point a, Paragraph 4 of Article 56 of the Law on Securities.
- Acting as a supervisory bank in accordance with the laws on securities.”
Vietcombank is responsible for complying with the regulations of the Law on Securities and the Law on Credit Institutions, and for implementing the relevant procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of License No.138/GP-NHNN dated May 23, 2018 issued by the SBV Governor to Vietcombank.
Le Hang