ACB licensed to supply international settlements services

The Governor of the State Bank of Vietnam (SBV) issued on February 10, 2009 Document No.867/NHNN-CNH, asserting that the Asia Joint-Stock Commercial Bank (ACB) has met proper conditions to provide international settlements services to its customers.

The SBV also requires the ACB to strictly comply with the Vietnamese law on forex services and other relevant legal documents.

The confirmation of commercial banks to complete their registration and to meet proper conditions to provide forex services is done in accordance with Circular No.03/2008/TT-NHNN of the SBV Governor dated April 11th, 2008 on guidelines of forex services of credit institutions.

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