Chương V Luật các tổ chức tín dụng 2010: Văn phòng đại diện của tổ chức tín dụng nước ngoài, tổ chức nước ngoài khác có hoạt động ngân hàng

Chapter V

REPRESENTATIVE OFFICES OF FOREIGN CREDIT INSTITUTIONS AND OTHER FOREIGN INSTITUTIONS ENGAGED IN BANKING OPERATIONS

Article 124. Establishment of representative offices

Foreign credit institutions and other foreign institutions engaged in banking operations may establish representative offices in provinces and centrally run cities in the Vietnamese territory. In each province or centrally run city, a foreign credit institution or another foreign institution engaged in banking operations may establish only one representative office.

Article 125. Operations of representative offices

Representative offices of foreign credit institutions and other foreign institutions engaged in banking operations may conduct the following operations under their licenses granted by the State Bank:

1. Functioning as a liaison office;

2. Conducting market surveys;

3. Promoting investment projects of foreign credit institutions or other foreign institutions engaged in banking operations in Vietnam;

4. Accelerating and monitoring the performance of contracts and agreements signed between foreign credit institutions or other foreign institutions engaged in banking operations and Vietnamese credit institutions or businesses, and projects funded by foreign credit institutions or other foreign institutions engaged in banking operations in Vietnam;

5. Other activities compliant with Vietnam's law.