The State Bank of Vietnam (SBV) issued Document No. 10146/NHNN-TTGSNH on December 31, 2015 to permit the Joint – Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to open a representative office in Moscow, Russia.
The BIDV is responsible for implementing procedures for inaugurating, registering and publicizing its newly established representative office 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. At the same time, the BIDV is required to inaugurate the above – mentioned representative office within 24 months from the date of signing.
TLH