The Governor of the State Bank of Vietnam (SBV) issued Decisions No. 2123/QĐ-NHNN and No 2124/QĐ-NHNN on October 22 to extend the operational coverage of the licenses of Hanoi and HCMC branches of Sumitomo Mitsui Banking Corporation.
Accordingly, the SBV Governor approved the additional operations of “trading and providing interest rate derivative products” to Article V of License No. 292/GP-NHNN dated November 4, 2008 for Hanoi branch of Sumitomo Mitsui Banking Corporation, and to Article 3 of License No. 1855/GP-NHNN dated December 20, 2005 for HCMC branch of Sumitomo Mitsui Banking Corporation.
Hanoi and HCMC branches of Sumitomo Mitsui Banking Corporation are responsible for complying with Item 4 of Article 29 of the Law on Credit Institutions.
These Decisions took effect from the date of signing and are integral parts of License No. 292/GP-NHNN dated November 4, 2008 for Hanoi branch of Sumitomo Mitsui Banking Corporation and License No. 1855/GP-NHNN dated December 20, 2005 for HCMC branch of Sumitomo Mitsui Banking Corporation.
LH