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SBV approves Shinhan to acquire Prudential Vietnam Finance

The $150-million deal will be completed within next three months, adding to the list of business sectors of the Korean financial group in Vietnam covering banking, financial services and securities activities.

The financial sector attracted enormous foreign investment in the first two months of 2018

In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.

Vietnam is about to have another 100% foreign-owned bank

On July 19, the Governor of State Bank of Viet Nam (SBV) Le Minh Hung on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited (UOB) to open a 100% foreign owned bank in Viet Nam.

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