The State Bank of Vietnam (SBV) issued Documents No. 3313 and 3314/NHNN-TTGSNH on May 14 to allow Lien Viet Post Joint- Stock Commercial Bank (LienVietPostBank) to establish transaction offices in the provinces of Bac Ninh and Quang Ngai.
The SBV requires LienVietPostBank to be responsible for implementing procedures for inaugurating, registering and publicizing newly established transaction offices in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and applicable laws. The Documents will cease to be effective if the LienVietPostBank does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
TLH