17:29 | 09/04/2015 Finance - Banking
The State Bank of Vietnam (SBV) issued Documents on April 8 to permit the Lien Viet Post Joint – Stock Commercial Bank (LienVietPostBank) to establish additional representative (rep.) offices, transaction offices and branches.
Accordingly, LienVietPostBank is permitted to establish rep. offices in the provinces of Dak Lak, Can Tho, Nam Dinh, Da Nang; transaction offices in the provinces of Nghe An, Thanh Hoa, Gia Lai, An Giang, Lang Son, Khanh Hoa, Ninh Binh, Thua Thien Hue, Dong Nai, Bac Can and Da Nang; branches in the provinces of Dien Bien, Kon Tum, Thai Nguyen, Quang Tri and Lam Dong.
The LienVietPostBank is responsible for implementing procedures for inaugurating, registering and publicizing newly established representative (rep.) offices, transaction offices and branches in line with Circular No. 21/2013/TT-NHNN dated September 9, 2013 on operational network of commercial banks and applicable laws. At the same time, the LienVietPostBank is required to inaugurate the above – mentioned representative (rep.) offices, transaction offices and branches within 12 months from the date of signing.