The State Bank of Vietnam (SBV) issued Documents No. 3455, 3456, 3457, 3458/NHNN-TTGSNH on May 20 to permit the Housing Development Joint- Stock Commercial Bank (HDBank) to establish additional branches.
Accordingly, the HDBank is allowed to establish additional branches in the provinces of Ben Tre, Nam Dinh, Quang Nam and Binh Phuoc.
The HDBank is responsible for implementing procedures for inaugurating, registering and publicizing newly established branches in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and the other applicable legal texts. The Documents will cease to be effective if the HDBank does not inaugurate the above – mentioned branches within 12 months from the date of signing.
TLH