The State Bank of Vietnam (SBV) issued Decision No. 1713/QĐ-NHNN on August 26 to allow Ho Chi Minh City (HCMC) branch of China Construction Bank Corporation to move its headquarter to a new venue at Rooms No. 1105-1106 of 11th Floor and Room No. 1202 of 12th Floor, Sailing Tower, 111A Pasteur, Ben Nghe ward, District 1, HCMC.
HCMC branch of China Construction Bank Corporation is responsible for ensuring all conditions of new headquarter meeting requirements as stipulated in Item 3 of Article 23 of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on license, organization and operations of foreign credit institutions and other foreign institutions with banking operations in Vietnam; and complying 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. 271/GP-NHNN dated December 10, 2009.
LH