E.SUN Commercial Bank, Ltd of Taiwan and BNP Paribas bank of France have been granted permission to establish branch banks in Viet Nam, Nguyen Van Binh, Governor of the State Bank of Viet Nam (SBV) recently revealed.

Binh said he also approved the appointment of Ho Fa-Chen as E.SUN Bank Director of its branch in Dong Nai and Nguyen Thi Duc Hanh as BNP Paribas bank Director of its branch in Ha Noi.

However, the two banks must submit a few perfunctory compliance documents as required by State bank’s guidelines and regulations before licences would be issued, Binh said.