On March 12th, the State Bank of Vietnam (SBV) issued official documents approving the establishment of five branches of Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank) in Hoi An, East Quang Ninh, Yen Bai, Dak Nong, and Hoa Binh.
At the same time, Vietcombank was also allowed to set up two transaction offices in Tuyen Quang and Lam Dong.
Within 12 months from the date of signing these documents, the bank must launch the operation of the above approved transaction offices. Beyond this time limit, the SBV’s written document will automatically expire.
As of December 31st 2019, Vietcombank has a head office, a School of Human Resource Development and Training, two cash processing centers, and 111 branches nationwide.
