Accordingly, Agricultural Bank of China Limited is allowed to establish a branch in Hanoi with an operational duration of 99 years and the charter capital of USD 50 million. Its head office is located at Rooms No.901-907, 9th Floor, TNR Building, 54A Nguyen Chi Thanh, Lang Thuong ward, Dong Da district, Hanoi.
Agricultural Bank of China Limited – Hanoi Branch is permitted to perform commercial bank operations in accordance with the applicable laws and the SBV regulations, including:
Time and demand deposits, savings and other deposits;
Extending credits in such forms as: Lending, Discounting and rediscounting of negotiable instruments and other valuable papers; Bank guarantees; issuance of credit cards; domestic factoring;
Opening payment accounts;
Providing payment services in the domestic market: providing payment methods; performing services of check payments, payment orders, encashment orders, letters of credit, bank cards, cash in and cash out;
Opening accounts at the SBV, credit institutions and other foreign bank branches;
Internal payment, participating in the national inter-bank payment system;
Providing services of cash management, banking and finance consultancy, asset preservation and safe keeping;
Providing consultancy services in the fields of corporate finance, M&As, and investment;
Participating in the biddings for treasury bills, and the tradings of negotiable instruments, government bonds, the SBV bills and other valuable papers in the money market;
Tradings of corporate and Government bonds;
Providing the service of money brokerage;
Issuing certificates of deposits, promissory notes, bills and bonds to mobilize capital in accordance with the Law on Credit Institutions, the Securities Law, the Government regulations and the SBV’s guidance;
Borrowing from the SBV in the form of refinancing in consistent with the Law on the State Bank of Vietnam and the SBV’s guidance;
Borrowing, lending, depositing and receiving deposits of other credit institutions, foreign bank branches, domestic and international financial institutions in line with the applicable laws and the SBV’s guidance;
Being a trustee and/or a trustor, acting as an agent in relation to banking operations, insurance and asset management in line with the applicable laws and the SBV’s guidance./.
Source: sbv.gov.vn