The State Bank of Viet Nam (SBV) issued Document No.5829/NHNN-TTGSNH dated August 2, 2016 to approve in principle the establishment of a wholly foreign-owned bank of Woori Bank in Vietnam (Woori Vietnam).
Under Document No.5829/NHNN-TTGSNH, the SBV Governor also approved a list of board of members, members of the supervisory board and Chief Executive Officer of the Woori Bank Viet Nam.
The SBV required Woori Bank to continue completing legal dossiers and procedures in line with applicable laws and SBV’s instructions to submit SBV Governor for granting Licence of Woori Bank Vietnam’s establishment and operation.
Giang Nguyen