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Japanese bank to open second branch in Vietnam   2008-11-07 - Thanh Nien News

The State Bank of Vietnam has granted a license to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) to open a branch in Hanoi, its second in Vietnam.



The branch will have a registered capital of US$15 million, the central bank said in a statement on its website.

SMBC opened its first branch in Ho Chi Minh City in December 2005, also with a registered capital of $15 million.

Standard Chartered, HSBC Holdings and Australia and New Zealand Banking Group (ANZ) this year received approval from the Vietnamese government to run fully foreign-owned units.

A total of 29 overseas banks have branches and another 38 foreign lenders have opened offices in Vietnam, according to the central bank’s website.

Other Banking News

Central bank widens forex trading band to 3 percent   2008-11-07

Banks bringing capital to rural areas, but indecisively   2008-11-07

Deposit interest rates to fall to 12%?   2008-11-07

Central bank chief expects banks to lend more   2008-11-07

An Binh Bank to seek approval for Maybank to increase stake   2008-11-06

State Bank rate cut boosts shares   2008-11-05

Banks reduce loan rates after benchmark rate lowered   2008-11-05

TN, Agencies - VN-Index rises as central bank cuts rates   2008-11-05

State bank cuts prime rate to 12 percent   2008-11-03

Small banks: Increase chartered capital or merge?   2008-11-03

Inclement weather holding domestic gold prices firm   2008-11-03

Small banks: Increase chartered capital or merge?   2008-11-03

Banks’ capital profuse, but they still hold capital back   2008-11-03

Capital in excess, but businesses not ’interest’-ed   2008-10-31