The Governor of the State Bank of Vietnam (SBV) issued Decision No.1380/QĐ-NHNN on July 5, 2016 to extend the operational coverage of the license granted to One Member Limited Liability Vietnam Construction Bank (CB).
Accordingly, the SBV Governor decided to revise content at Point 8 of Licence No. 0047/NH-GP of the CB dated December 29, 1993, specificly: “Granting credit under the form of banking guarantees”.
CB is responsible for complying with regulations in line with Item 3 Article 18b at Circular No.40/2011/TT-NHNN dated December 15, 2011 issued by SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organization having banking operations in Vietnam and Circular No 08/2015/TT-NHNN of the SBV.
The Decision took effect from the date of signing and is an integral part of License No. 0047/NH-GP of CB by SBV Governor dated December 29, 1993.
Nguyen Giang