The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1615/QĐ-NHNN on August 9, 2016 to allow HCM City Branch of Busan Bank to provide additional services written in the License of the establishment and operation of HCM City Branch of Busan Bank.
Accordingly, the SBV Governor allows HCM City Branch of Busan Bank to provide “foreign exchange business and services in the domestic and international market in line with the SBV’s regulations" and add new service to Item 4 of License No.48/GP-NHNN dated May 27, 2016 of the HCM City Branch of Busan Bank.
HCM City Branch of Busan Bank is responsible for implementing legal procedures stipulated in Item 3, Article 18b of 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 ( revised and supplemented by Circular No 08/2015/TT-NHNN) to the mentioned above content.
These Decisions took effect on the date of signing and are integral parts of License No. 48/GP-NHNN dated May 27, 2016 issued by the SBV Governor for HCM City Branch of Busan Bank.
Nguyen Giang