The State Bank of Vietnam (SBV) – Ho Chi Minh City (HCMC) branch has issued License No. 130/GP-HCM dated March 29, 2022 permitting E.SUN Commercial Bank, Ltd. (Chinese Taipei) to establish its representative office in HCMC.
Accordingly, the operational duration of the newly established representative officie of E.SUN Commercial Bank, Ltd. is five (5) years. Also in the License, this representative office is permitted to conduct the following operations: functioning as a liaison office; conducting market researches; preparing plans for the investment projects of E.SUN Commercial Bank, Ltd. in Vietnam; promoting and monitoring the implementation of contracts and agreements signed between E.SUN Commercial Bank, Ltd. and Vietnamese credit institutions and/or enterprises, and projects financed by E.SUN Commercial Bank, Ltd.; other operations in conformity with Vietnamese laws.
During the operations of its representative office, E.SUN Commercial Bank, Ltd. is required to comply with Vietnam’s applicable laws.
The License is valid from the date of signing. The scheduled date of inauguration of the representative office is June 29, 2022.
Le Hang