On July 15, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1204/QD-NHNN announcing a number of amendments and supplementations of administrative procedures regarding the establishment and operations of banks, which are performed at the Single Window under the SBV’s jurisdiction.
Accordingly, the amended and supplemented administrative procedures, which are related to the establishment and operations of banks as stipulated in Circular No. 06/2022/TT-NHNN dated June 30, 2022, and which are performed at the Single Window under the SBV’s jurisdiction, include:
The administrative procedures performed at the SBV headquarters: the procedures for the approval of a change in the location of a commercial bank's head office, and the amendment and supplementation to the License of that commercial bank regarding a change in its head office location; the procedures for the approval of an increase in the charter capital of a joint stock commercial bank, and the amendment and supplementation to the License of that joint stock commercial bank regarding a change in its charter capital; the procedures for the approval of a purchase, a sale or a transfer of shares by any major shareholder of a bank; a purchase, a sale or a transfer of any shares that may create a new major shareholder.
The administrative procedures that may be performed either at the SBV or the SBV provincial and municipal branches: the procedures for the approval of a change in the location of an office of a foreign bank's branch, and the amendment and supplementation to the License of that foreign bank’s branch regarding the change in the location of its office.
This Decision shall take effect from August 15, 2022 and shall abolish the administrative procedures under the following codes: 2.000738, 2.000722, 2.000690, 1.001136, which were previously announced in Decision No. 161a/QD-NHNN dated January 25, 2019.
LK