TPB allowed to provide forex services in overseas markets

The Governor of the State Bank of Vietnam (SBV) issued Document No. 4422/NHNN-CNH on June 15, asserting that the Tien Phong Joint-Stock Commercial Bank (TPB) has registered to provide foreign exchange services.

Accordingly, the Bank is permitted to conduct foreign exchange services as follows:

1. Providing international settlement services; and

2. Conducting foreign exchange trading in overseas markets.

Tien Phong Bank is required to strictly comply with the SBV regulations and other relevant regulatory rules on forex services.

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