Abolishment of 3 Administrative Procedures in the Field of Bank Establishment at the One-Stop Division

Le Hai

18:06, 09/07/2024

Recently, the State Bank of Vietnam issued Decision No. 2562/QD-NHNN regarding the announcement of amended, supplemented, replaced, and abolished administrative procedures in the field of establishment and banking operations conducted at the One-stop Department within the management function scope of the State Bank of Vietnam.

Issued with this Decision is the List of 03 administrative procedures abolished under the management functions of the State Bank, specifically including:

- Procedures for opening, changing names and/or locations, terminating the operations of transaction offices of small-scale financial institutions within the same province or city;- Procedures for changing the branch names of small-scale financial institutions;- Procedures for changing the operating area of the people's credit fund due to the division, separation of administrative boundaries from June 1, 2015.

Additionally, in this Decision, there is also a List of administrative procedures that have been amended, supplemented, or replaced to be implemented at the One-Stop-Shop Department under the management functions of the State Bank of Vietnam.

More details can be found in: Decision 2562/QD-NHNN, which takes effect from January 1, 2020.

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