The SBV accepts additions to the Permit of Establishment and Operation for VietinBank
On June 6th, 2012, the State Bank of Vietnam issued Decision No. 1189/QD-NHNN on making additions to the Permit of Establishment and Operation for VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade). Content is as follows:
Approve the addition to paragraph 2.4, Article 3 in the Permit of Establishment and Operation for Vietnam Joint Stock Commercial Bank for Industry and Trade –No. 142/GP-NHNN – issued on 07/03/2009 by the Governor of the State Bank of Vietnam (SBV) to VietinBank. Accordingly, VietinBank is authorized to exercise these following business activities:
- Buy or sell bonds for the purpose of earning profits from price differences, entitled under the provisions of relevant laws and guidelines of SBV;
- Buy bonds with investment purposes in accordance with relevant laws and guidelines of SBV;
- Do business and provide foreign as well as local customers with these following services: derivatives on exchange rates, interest rates, foreign exchange, currencies, commodity prices and other financial products complying with SBV’s regulations and legal provisions relevant to each specific product;
- Consulting on purchase, sale, merger and acquisition of enterprises.
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