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HCMC branch of Bank of China allowed to provide additional service
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The Governor of the State Bank of Vietnam (SBV) issued Decision No. 472/QĐ-NHNN on July 17 to extend the operational coverage of the license of the HCMC branch of the Bank of China.

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Accordingly, the SBV Governor has approved the additional operation of “purchasing debts” to Article III of License No. 21/NH-GP dated July 24, 1995.

The HCMC branch of Bank of China is responsible for implementing the procedures in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN, dated December 15 2011, on granting a license to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).

This Decision took effect from the date of signing and is an integral part of License No. No. 21/NH-GP dated July 24, 1995.

Le Hang

 

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