The State Bank of Vietnam (SBV) issued Decision No. 2653/QĐ-NHNN on December 30 on revoking license of Viet – Thai Joint- Venture Bank.
VT.
Accordingly, the SBV Governor revoked License No. 19/NH-GP dated April 20, 1995 for Viet – Thai Joint- Venture Bank
Viet – Thai Joint- Venture Bank is responsible for publicizing the Decision on revoking its License, implementing asset liquidation and other obligations in line with Circular No. 34/2011/TT-NHNN dated October 28, 2011 on guiding orders and procedures of revoking License and asset liquidation of credit institutions and foreign bank branches; orders and procedures of revoking License on opening representative office of credit institutions and other foreign institutions with banking operations and other relevant regulations; at the same time, implementing asset liquidation through transferring all its assets and debts to the Siam Commercial Bank Public Company Limited – Ho Chi Minh City branch.
The Decision took effect on the date of signing.