The State Bank of Vietnam (SBV) issued Document No. 1108/QĐ-NHNN on June 3 to allow the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) to acquire the Vietnam Chemical Finance Joint Stock Company (VCFC).
Accordingly, the SBV permited Techcombank to acquire the VCFC and change the legal form of the VCFC from the joint-stock company to the limited liability company wholly owned by the Techcombank.
Techcombank and the VCFC are responsible for registering, publicizing and complying with procedures in accordance with applicable laws.
LH