The State Bank of Vietnam (SBV) issued Document No. 9530/NHNN-TTGSNH on December 11 to permit the Vietnam Prosperity Joint – Stock Commercial Bank (VPBank) to establish three additional branches in Districts 1 and 7, Ho Chi Minh City.
The VPBank is responsible for implementing procedures for inaugurating, registering and publicizing its 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 Document will cease to be effective if the VPBank does not inaugurate the above – mentioned branches within 12 months from the date of signing.
LH