Headlines 12/12/2018 09:13 SA

Application documents for grant of commercial bank establishment licenses are now released

Ngọc Nhi

The Circular No. 28/2018/TT-NHNN amending the Circular No. 40/2011/TT-NHNN was promulgated by the Governor of the State Bank of Vietnam on November 30, 2018.

Pursuant to this Circular, Article 14 in the Circular No. 40 specifies application documents for licenses for establishment and operation of commercial banks. 

The Circular No. 28 amends and supplements regulations on submission of criminal records of personnel of the control and management boards as follows:

- These criminal records must be issued by criminal record database authorities (Vietnamese nationals), competent authorities of Vietnam or other overseas countries (Non-Vietnamese persons);

- These criminal records must be issued no later than 06 (six) months before the date of submission of application documents;

- These criminal records must contain such information as criminal status, prohibition of holding office, establishing and managing enterprises and cooperatives. 

The Circular No. 28/2018/TT-NHNN is set to enter into force on January 15, 2019.

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