EXIMBANK ANNOUNCEMENT

ABOUT OPENING A PAYMENT ACCOUNT

Dear Customer

First of all, Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) would like to deeply thank customers for trusting and using Eximbank's products and services during the past time.
On December 26, 2016, the State Bank signed and promulgated Circular No. 32/2016/TT-NHNN dated December 26, 2016 of the State Bank of Vietnam on amending and supplementing a number of articles of the Circular. 23/2014/TT-NHNN dated August 19, 2014 of the State Bank of Vietnam on instructions for opening and using payment accounts at payment service providers - effective from March 1, 2017 ;
Therefore, to comply with the regulations of the State Bank, Eximbank respectfully informs customers of the following contents related to opening and using payment accounts:
1. Forms of opening a payment account at Eximbank, applicable from March 1, 2017:
- For individuals: the form of opening a payment account is an individual's payment account:
- For organizations with legal status: the form of opening a payment account is the organization's payment account.
- For households, cooperative groups, and other organizations without legal status: the form of opening a payment account is an individual payment account or a joint payment account.

2. Converting payment accounts of customers who are households, cooperative groups, and other organizations without legal status opened at Eximbank before March 1, 2017:
- Subjects of conversion: Payment accounts of organizations without legal status according to the provisions of the 2015 Civil Law opened at Eximbank.
- Conversion form and implementation method: Please go directly to the Branch/Transaction Office to open a payment account and follow the instructions of the transaction staff. Changing account type according to this announcement is completely free.
- Implementation time: Eximbank receives the application and converts the account form according to your request until March 1, 2018.
After March 1, 2018, Eximbank will close payment accounts of customers who are households, cooperative groups and other organizations without legal status that have not completed the conversion of account form according to regulations of the State Bank.
Eximbank looks forward to continuing to serve and provide the most effective financial products to customers.
Sincerely wish you health and success!