The State Bank of Vietnam (SBV) issued Document No. 10140/NHNN-TTGSNH on December 31 to permit Vietnam Joint –Stock Commercial Bank for Industry and Trade to open four transaction offices.
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Accordingly, Vietinbank is allowed to open new transaction offices in Hanoi, Hai Phong, Hai Duong on the basis of upgrading savings funds.
Vietinbank is responsible for implementing procedures for inaugurating, registering and publicizing newly established transaction offices 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 Vietinbank does not inaugurate the above – mentioned transaction offices within 12 months from the date of signing.
DH