The Governor of the State Bank of Vietnam (SBV) has granted a securities business license to Standard Chartered Bank Vietnam. Under the SBV governor’s decision, Standard Chartered Bank Vietnam can provide some securities services like share transaction and bond issuance within the law.
However, to put such services into operation, the bank has to abide by existing regulations on investment, capital contribution, bond issuance and share transaction, underwriting and custody.
The bank will also be responsible for risk management and property safety.