Which bank works on Saturday? What is the bank's responsibility in confidentiality of information in Vietnam?
Which bank in Vietnam works on Saturday?
Most branches and transaction offices of banks work from Monday to Friday every week, with Saturday and Sunday off. So, are there any banks that work on Saturday?
Currently, there are a number of places to serve the transaction needs of customers, some banks' transaction offices still work on Saturday. The list of banks that work on Saturday includes:
(1) Techcombank:
Currently, techcombank branches in Ho Chi Minh City and Hanoi will trade on Saturday mornings because demand is greater than in other localities.
(2) ViettinBank:
ViettinBank's trading hours are from Monday to Saturday morning every week. However, on the last days of the month, this bank can work until 6:00 p.m.
(3) Sacombank:
Working hours of Sacombank branches are from Monday to the end of the morning or the end of Saturday.
(4) Agribank:
Agribank usually only works from Monday to Friday. Recently, some branches of Agribank in Ho Chi Minh City have worked on Saturday mornings, however, the working hours are irregular.
(5) Vietcombank:
With this bank, some branches work on Saturday mornings such as: Vietcombank Exchange in Hanoi, Vietcombank branch in District 1, Ho Chi Minh City or branches in Da Nang, Quy Nhon, Ninh Thuan, Dak Lak , Da Lat...
(6) Dong A Bank:
All branches will work from Monday to Saturday morning.
(7) BIDV Bank:
Currently, most branches of BIDV bank also operate on Saturday mornings from 8:30 a.m. to 11:30 a.m.
(8) Nam A Bank
Except for Nam A Bank branches in Da Nang, other branches are open on Saturday mornings from about 8am - 12pm. But working hours will not be fixed across all units but will depend on the locality and business requirements at that branch.
(9) ACB Bank
ACB Bank operates on Saturday mornings from 7am - 11:30am at all branches. However, on Saturday morning, the bank only performed simple transactions: money transfer, withdrawal, deposit and card opening. Other more complex and time-consuming transactions will not be performed during this time.
(10) TPBank
TPBank branches still work every Saturday morning. Specific working hours are from 8am - 12pm.
Above is reference information on whether any banks work on Saturday.
Which bank works on Saturday? What is the bank's responsibility in confidentiality of information in Vietnam?
What is the bank's responsibility in confidentiality of information in Vietnam?
Pursuant to Article 14 of the Law on Credit Institutions 2010, it is stipulated as follows:
Confidentiality of information
1. Employees, managers and executives of credit institutions and foreign bank branches may not disclose business secrets of these institutions and branches.
2. Credit institutions and foreign bank branches shall keep secret information relating to accounts, deposits, deposited assets and transactions of their clients.
3. Credit institutions and foreign bank branches may not provide information relating to accounts, deposits, deposited assets and transactions of their clients for other organizations and individuals unless it is so requested by competent state agencies under law or consented by clients.
Accordingly, credit institutions in general and BIDV bank in particular must ensure the implementation of responsibilities according to the above regulations in protecting customer information.
What are the conditions for inaugurating operation in Vietnam?
Pursuant to Article 26 of the Law on Credit Institutions 2010 stipulates as follows:
Conditions for inaugurating operation
1. A licensed credit institution, foreign bank branch or representative office of a foreign credit institution or another foreign institution engaged in banking operations may operate only from the date of operation inauguration.
2. To inaugurate its operation, a licensed credit institution or foreign bank branch must fully meet the following conditions:
a/ It has registered its charter with the State Bank:
b/ It possesses a business registration certificate. It has sufficient charter or allocated capital, sufficient cash vaults fully meeting the State Bank's requirements and a head office fully meeting asset safety assurance conditions and banking operation requirements;
c/ It has an organizational structure, managerial and executive apparatus, internal audit and risk management and internal control system relevant to its type under this Law and other relevant laws;
d/ Its information technology system meets managerial and operational requirements;
e/ It has an internal management regulation on the organization and operation of the Board of Directors, Members' Council. Control Board and Director General (Director) and professional divisions at its head office; an internal regulation on risk management; and a regulation on network management;
f/ Its charter or allocated capital in Vietnam dong has been fully deposited at a non-interest bearing blocked account opened at the State Bank at least 30 days before inaugurating its operation. Its charter or allocated capital shall be released after it inaugurates its operation;
g/ It has publicized information on its operation under Article 25 of this Law.
3. A credit institution, foreign bank branch or representative office of a foreign credit institution or another foreign institution engaged in banking operations shall inaugurate its operation within 12 months after obtaining a license. Fast this lime limit, if it fails to do so, the State Bank shall revoke its license.
4. A licensed credit institution or foreign bank branch shall notify the State Bank of its operation inauguration conditions specified in Clause 2 of this Article at least 15 days before the tentative inauguration date. The State Bank shall suspend the operation inauguration when such institution or branch fails to fully meet the conditions under Clause 2 of this Article.
Accordingly, the conditions for inaugurating operation are implemented according to the above regulations.
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