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.
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.
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.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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