State Bank of Viet Nam (SBV) last week approved Bao Viet Commercial Joint Stock Bank to open five branches and two transaction offices.

The five branches are located in the northen province of Lao Cai’s Lao Cai City, central province of Thanh Hoa’s Bim Son Town, Central Highlands province of Gia Lai’s Pleiku City, southern province of Dong Nai’s Bien Hoa City, and HCM City’s Cu Chi District.

The two transaction offices are to be opened in Nha Trang City of the central coastal province of Khanh Hoa and in Song Than Industrial Zone in southern Binh Duong Province’s Di An District.

These branches and transaction offices must be operational within 12 months of the date of signing the document announcing the approval, failing which the approval will stand null and void. — VNS