The Governor of the State Bank of Vietnam (SBV) issued Decision No. 897/QĐ-NHNN on April 26, 2016 to allow the Bank of India, Ho Chi Minh City branch to to provide additional service.
Accordingly, the SBV Governor allows Bank of India to provide “foreign exchange business and services in the domestic market under the SBV’s regulations" and add new service to Item 4 of License No. 10/NH-GP dated July 31, 2015 of the Bank of India, Ho Chi Minh City branch.
Bank of India, Ho Chi Minh City branch is responsible for complying with the regulations on the operations added to the License in line with applicable law and SBV’s guidance; complete business registration to authorities on the change of its additional service, and to announce this change via public media in accordance with Credit Institutions Law No 47/2010/QH12 dated June 16, 2010 and relevant laws.
These Decisions took effect on the date of signing and are integral parts of License No.10/NH-GP issued by the SBV Governor for the Bank of India, Ho Chi Minh City branch.
Nguyen Giang