SOURCE: Vietnam Central Bank
SCB allowed to provide additional services (26/03/2014)
The Governor of the State Bank of Vietnam (SBV) issued Decision No. 528/QĐ-NHNN on March 24 to allow the Sai Gon Joint-Stock Commercial Bank (SCB) to perform operations of “cash management, asset preservation and safe keeping” to be added to Item 15 of Article 4 of License No. 283/GP-NHNN dated December 26, 2011.
The SCB is responsible for complying with Item 4 of Article 29 of the Law on Credit Institutions.
The SBV Governor has assigned the Director of the SBV branch in Ho Chi Minh City to monitor the implementation of this Decision which takes effect on the date of signing and is an integral part of SCB’s License No. 283/GP-NHNN dated December 26, 2011.