Ví dụ về việc sử dụng Foreign bank branches trong Tiếng anh và bản dịch của chúng sang Tiếng việt
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And foreign bank branches will all be entitled to purchase real estate under the law.
In addition to the approval,CBM also announced that it will allow foreign bank branches to expand in 2019.
Foreign bank branches in Vietnam shall be dissolved or terminate operation in the following cases.
The maximum operation duration of foreign bank branches shall not exceed that of their parent banks. .
Foreign bank branches in particular shall not have to comply with the provisions of Articles 37 and 38 of the Credit Institutions Law;
The opening of transaction points outside the location of foreign bank branches shall comply with regulations of the State Bank. .
However, foreign bank branches will not be allowed to accept immovable property such as land and buildings as collateral.
Vietnam has 34 joint stock commercial banks, five commercial banks, 5 joint venture banks and 35 foreign bank branches.
The maximum operation duration of foreign bank branches, joint-venture banks or banks with 100% foreign capital shall not exceed 99 years;
Accordingly, in comparison with applicable provisions laid down in the Circular No. 03/2007/TT-NHNN the Circular No. 27 has made changes in cases of blockage of capital andproperty of foreign bank branches as follows.
Foreign bank branches, joint-venture banks and banks with 100% foreign capital must report in writing to the State Bank on the following contents.
Since 2006, the State Bank of Vietnam has received 25 applications for setting up joint stock banks, and 33 applications for setting up foreign bank branches and 100% foreign owned entities.
In Vietnam, 100% foreign-owned banks, foreign bank branches and joint-venture banks have been operating normally as their parent banks have not been heavily affected by the crisis.
Foreign bank branches, joint-venture banks and banks with 100% foreign capital shall exchange information and keep information confidential under the provisions of Chapter VI of the Credit Institutions Law, relevant provisions of law and the guidance of the State Bank. .
Vietnam houses nine foreign-owned banks, about 50 foreign bank branches, more than 50 representative offices of foreign credit institutions and many foreign-owned finance companies.
There are currently 13 foreign bank branches in Myanmar as well as 25 local private banks and four government banks allowed to operate in Myanmar's banking and finance sector.
Within 12 months as from the date of grant of licenses, foreign bank branches, joint-venture banks, banks with 100% foreign capital or representative offices of foreign credit institutions must inaugurate their operation.
When wishing to extend the operation duration, foreign bank branches, joint-venture banks or banks with 100% foreign capital must submit dossiers of application therefor to the State Bank at least 180 days before the expiry of their operation duration, or at least 60 days for representative offices of foreign credit institutions.
At least 30days before the planned date of inauguration of operation, foreign bank branches, joint-venture banks or banks with 100% foreign capital must make announcements in three consecutive issues of a central newspaper and a local newspaper of the locality where they are headquartered.
In the course of operation, foreign bank branches, joint-venture banks and banks with 100% foreign capital shall comply with the provisions on restrictions for ensuring safety in operations of credit institutions in Section 5, Chapter III of the Credit Institutions Law, the specific provisions of this Decree and the guidance of the State Bank. .
Based on this Regulation and actual operation, development strategy,credit institutions other than foreign bank branches must design an internal policy on criteria to determine a single customer and a group of related customers, credit limits applicable to a single customer and a group of related customers, including following contents.
Within 01 year as from the effective date of this Decree, foreign bank branches, joint-venture banks, banks with 100% foreign capital and representative offices of foreign credit institutions shall adjust their organization and operation in accordance with this Decree and regulations of the State Bank. .
The general director(director) of the foreign bank branch shall not participate in managing and running other credit institutions or economic organizations.
The termination of the R.O.s operation shallbe carried out prior to the opening for operation of the foreign bank branch.
He said the ideacame to him after he had“very bad experiences” with using a foreign bank branch in Vietnam.
The foreign bank applying for a license for opening a foreign bank branch in Vietnam shall submit to the State Bank of Vietnam an application file, which includes.
Adding cases in which the amount of loss accrued of a foreign bank branch is greater than 50% of value of allocated capital and reserve funds specified in the latest audited financial statements;
Prior to the termination of operation, the foreign bank branch must fulfil the obligations and complete necessary procedures in accordance with applicable laws in Vietnam.
The establishment and operation License of a joint-venture bank andthe License for opening a foreign bank branch is made in accordance with the provided forms(Appendix 3 and Appendix 4 attached).