On November 29, 2022, the State Bank of Vietnam (SBV) issued Decision No. 2008/QD-NHNN supplementing an additional operation to the License for the Operations of Vietnam Export Import Commercial Joint Stock Bank (Eximbank).
Accordingly, Point 8 of the License for the Operations No. 0011/NH-GP dated April 06, 1992 issued by the SBV Governor to Eximbank is supplemented with an additional operation, namely “Interest rate derivative operation: cross-currency swaps”.
Eximbank shall be responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 issued by the SBV Governor stipulating the issuance of licenses to, the establishment and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented) in relevance to the above-supplemented substance.
This Decision took effect from the date of signing and is an integral part of the License for the Operations No. 0011/NH-GP dated April 06, 1992 issued by the SBV Governor to Eximbank.
LK