The State Bank of Vietnam has given nod to branches of foreign banks to increase capital.
Bank of China (Hong Kong) Limited - Ho Chi Minh City branch has been allowed to increase its charter capital from $100 million to $180 million.
Industrial Bank of Korea - Hanoi Branch will raise its capital from $90 million to $120 million while the Siam Commercial Bank Public Company Limited - Ho Chi Minh City branch will also scale up its capital.
According to the State Bank of Vietnam, by the end of 2018, there were 49 foreign bank branches operating in Vietnam. Some branches have huge charter capital such as SMBC Hanoi (nearly $302 million), Bangkok Bank in Hanoi and Ho Chi Minh City (over $226 million).
In addition, there are nine wholly foreign-owned banks, including ANZ Vietnam, CIMB Vietnam, Hong Leong Vietnam, HSBC Vietnam, Public Bank Vietnam, Shinhan Vietnam, Standard Chartered Vietnam, UOB Vietnam and Woori Vietnam.
HSBC Vietnam has the largest charter capital of $325 million.
Tags:
Tags:
Michelin is undergoing a strong transformation by applying AI and smart analytic, helping lead the smart, safe, and sustainable mobility revolution in the Industry 4.0 era.
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
For Koen Soenens, Sales and Marketing Director at DEEP C, empathy is a compass that guides major deals, the way a leader builds a team, and the ambition to create a sustainable industrial zone that carries a Vietnamese identity.
Taseco Land has shifted its listing to HOSE and introduced a new upward-pointing arrow logo - a visual statement of its strategy to raise capital, expand its land bank, and strengthen its standing in Vietnam’s real estate sector
Located in the heart of Ho Chi Minh City, SAP Labs Vietnam is the second SAP Labs Network hub in Southeast Asia, following Singapore and is one of 20 countries that have SAP Labs globally.
Solar & Storage Live Vietnam event has been running since 2017 and the 2025 edition will be the biggest yet.
