The Governor of the State Bank of Vietnam (SBV) issued Decision No. 126/QĐ-NHNN on February 1 to extend the operational coverage of the license of the Hanoi branch of BNP Paribas.
Accordingly, the SBV Governor has approved the additional operations of “trading and providing forex services in the domestic market in accordance with SBV’ regulations” to Article 4 of License No. 05/GP-NHNN dated May 11, 2015.
Hanoi branch of BNP Paribas is responsible for implementing new operations in line with applicable law and SBV’s guidance; registering additional operation with the relevant authorities and publicizing new operation of its License in accordance with Item 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of License No. 05/GP-NHNN dated May 11, 2015.
Diem Hang