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SBV revokes licences for new banks

Update: September, 28/2013 - 09:36
HA NOI (VNS)  — The State Bank of Viet Nam (SBV) recently decided to revoke the licences for the opening of Lao-Viet Bank's branches in Ha Noi and HCM City.

SBV also ordered the two branches to carry out asset liquidation in compliance with Circular 34/2011/TT-NHNN.

Lao-Viet Bank, established in 2009, was a joint venture between the Bank for Investment and Development of Viet Nam and Lao Bank for Foreign Trade. — VNS

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