• Effective: Expired
  • Effective Date: 22/02/2001
  • Expiry Date: 12/07/2005
THE STATE BANK
Number: 90/2001/QĐ-NHNN
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Ha Noi , February 07, 2001
Decision No

Decision No. 90/2001/QD-NHNN of February 7, 2001 promulgating the Regulation on the opening, establishment and termination of operations of commercial banks� transaction bureaus, branches, representative offices and public-service units

Commercial banks� transaction bureaus are dependent units, which have their own seals and are tasked to perform part of the commercial banks� operations and several branch-related functions under the authorization of such commercial banks.

Commercial banks� branches are dependent units, which have their own seals and are tasked to perform part of the commercial banks� operations under the authorization of such commercial banks.

Commercial banks� representative offices are dependent units, which have their own seals and perform the tasks of representation under the authorization of the commercial banks. Representative offices shall not be allowed to conduct business operation.

Commercial banks� public-service units are dependent units, which have their own seals and perform the tasks of researching and applying banking technology, providing professional and technical training and fostering for officials and employees of the commercial banks as well as other tasks assigned by such commercial banks in accordance with law provisions.

Commercial banks shall open, establish and terminate the operation of their transaction bureaus, branches, representative offices and public-service units according to the Regulation issued together with this Decision.

This Decision takes effect 15 days after its signing.

This Decision replaces the provisions in the following documents:

- Decision No. 175/QD-NH5 of July 3, 1996 of the State Bank Governor promulgating the Regulation on the opening, operation and termination of operation of domestic branches and representative offices of Vietnamese joint-stock commercial banks.

- Other documents related to the opening, establishment and termination of operation of transaction bureaus, branches, representative offices and public-service units of commercial banks issued by the State Bank, which are contrary to this Decision.- (Summary)

 

KT. THỐNG ĐỐC
Phó Thống đốc

(Signed)

 

Tran Minh Tuan

 

This div, which you should delete, represents the content area that your Page Layouts and pages will fill. Design your Master Page around this content placeholder.