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:
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
