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:
Menas has officially opened Mena Gourmet Market, a premium integrated supermarket located on the B1 floor of Menas Mall Saigon Airport, near Tan Son Nhat International Airport in Ho Chi Minh City.
T&T Airlines, T&T SuperPort, and BVIM Fund have acquired stakes in the tourism airline, marking a significant milestone in the company’s expansion.
V-GREEN and Prime Group have signed a memorandum of understanding to develop a network of charging stations for VinFast electric vehicles across Indonesia.
Menas Vietnam has signed a strategic memorandum of understanding with SVD-Group, marking a significant milestone in introducing premium Russian products to Vietnamese consumers.
Menas has recently signed a strategic partnership agreement with Ngoc Duy Group and Da Dream Farm to introduce high-quality agricultural products from Lam Dong province to the nationwide distribution network of Mena Gourmet Market.
MISS EDE's recent shipment of 18,000 packages of roasted coffee to the US marks a pivotal step for Dak Lak’s coffee industry toward global recognition.
