Does the HSBC Bank Branch Have Legal Entity Status?

View Post in Vietnamese: >> Chi nhánh ngân hàng HSBC liệu có tư cách pháp nhân hay không?

According to the legal provisions on credit institutions, may I ask if the branch of HSBC Bank has legal entity status?

Based on Clause 9, Article 4 of the Law on Credit Institutions 2010, the regulations are as follows:

A foreign bank branch is a dependent unit of a foreign bank, does not have legal person status, and is guaranteed by the foreign bank to be responsible for all obligations and commitments of the branch in Vietnam.

Accordingly, for SHBC Bank, it can be seen that it is a foreign bank, and its branch will not have legal person status according to the above legal regulations.

Respectfully!

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