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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Japanese bank to open second branch in Vietnam
Date: 4/25/2009 11:40:00 AM
The State Bank of Vietnam has granted a license to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) to open a branch in Hanoi, its second in Vietnam.
The branch will have a registered capital of US$15 million, the central bank said in a statement on its website.
SMBC opened its first branch in Ho Chi Minh City in December 2005, also with a registered capital of $15 million.
Standard Chartered, HSBC Holdings and Australia and New Zealand Banking Group (ANZ) this year received approval from the Vietnamese government to run fully foreign-owned units.
A total of 29 overseas banks have branches and another 38 foreign lenders have opened offices in Vietnam, according to the central bank’s website.
(Source:Thanh Nien)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
