The Governor of the State Bank of Vietnam (SBV) issued Document No. 10359/NHNN-TTGSNH on December 30, to assert that the Vietnam Joint-Stock Commercial Bank for private Enterprises (VPBank) has registered to provide forex services.
Accordingly, the Document asserts that VPBank has registered to conduct foreign exchange services in overseas market.
SBV requires VPBank to strictly comply with the Vietnamese regulatory framework on forex management and other relevant legal documents.
The confirmation of commercial banks to complete their registration and to meet proper conditions to provide forex services is done in accordance with Circular No.03/2008/TT-NHNN of the SBV Governor dated August 11th, 2008 on guidelines of forex services of credit institutions.
SBV
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