INDOVINABANK LTD (IVB) would like to thank you for your trusting and using IVB's services in the past time.

Pursuant to Official Letter No. 1606/TCT-DNL dated April 22,2020 of the General Department of Taxation RE: VAT on LC services of credit institutions, IVB would like to have announcement about applying VAT on services related to the Letter of Credit including Standby L/C as the current regulations.

With the purpose of following the regulations, many thanks for your kind understanding. IVB looks forward to continuing to receive your support and companionship in coming time.

Best Regards!