The Governor of the State Bank of Vietnam (SBV) issued Decision No.3449/NHNN-TTGSNH on May 13, 2016 on approving The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to open new Representative Office in Can Tho city.
In particular, SBV Governor approved BIDV’s proposal to open BIDV Representative Office at Building No.60 – 62, Phan Dinh Phung street, Tan An commune, Ninh Kieu District, Can Tho city.
SBV required BIDV to comply with legal procedures and regulations under Circular No. 21/2013/TT-NHNN issued by Governor on regulating the operational network of commercial banks and relevant laws.
The Representative Office shall have to be launched within 12 months from the date of signing. After this deadline, the approved documents of the SBV cease to be effective.
Nguyen Giang