Vietnam Bvb Approved Tender

On May 30 2022 the State Bank of Vietnam issued Document No. 3614NHNN-TTGSNH on the increase of charter capital of Viet Capital Commercial Joint Stock Bank BVB.Accordingly the State Bank approved BVB to increase its charter capital by up to 1618360000000 VND One thousand six hundred eighteen billion three hundred and sixty million dong in the form of issuance from equity source maximum. 550635000000 VND issued to existing shareholders maximum VND 917725000000 and issued under the employee selection program maximum VND 150000000000000 approved by the General Meeting of Shareholders of BVB passed in Resolution No. 0322NQ-HCD dated April 8 2022 and BVB Board of Directors approved in Resolution No. 6222NQ-HQT dated April 12 2022.BVB be responsible for the increase of capital in accordance with the law and the State Bank BVB can only increase capital according to regulations when complying with current legal regulations Notify in writing organizations and individuals buying shares of BVB to fulfill the obligations of shareholders in accordance with the provisions of Article 54 of the Law on Credit Institutions 2010 amended and supplemented in 2017. Circular No. 502018TT-NHNN dated December 31 2018 and other relevant legal documents Within a maximum of 10 working days from the date of completion of the issuance of shares in accordance with the law BVB will carry out the procedures for amending and supplementing the operation license as prescribed in Clause 4 Article 11 of the Circular. Circular No. 502018TT-NHNN dated December 31 2018 stipulating the application order and procedures for approving a number of changes of commercial banks and foreign bank branches.This document is valid for 12 months from the date of signing.