The State Bank of Vietnam (SBV) issued Decision No.746/QĐ-NHNN on May 14 to extend the operational coverage of the License of Ho Chi Minh City (HCMC) branch of Industrial Bank of Korea.
Accordingly, the SBV Governor has approved the additional operation of “providing services of issuance and payment of domestic bank cards” to Article V of License No. 04/GP-NHNN dated January 8, 2008 for Industrial Bank of Korea – HCMC branch.
The HCMC branch of Industrial Bank of Korea is responsible for meeting all requirements and SBV‘s regulations on providing services of issuance and payment of domestic bank cards and the other relevant legal texts; registering additional operations with the relevant authorities and publicizing new operation of its License in accordance with Item 4 of Article 29 of the Law on Credit Institutions.
The Decision took effect from the date of signing and is an integral part of License No. 04/GP-NHNN dated January 8, 2008 for Industrial Bank of Korea – HCMC branch.
Le Hang