Agricultural Bank of China allowed to open branch in Hanoi
The State Bank of Vietnam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hanoi, SBV Governor Le Minh Hung said.
Governor Le Minh Hung meets with China Banking Regulatory Commission’s Chairman, Guo Shuqing (File Photo)Hanoi (VNA) - The State Bank of Vietnam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hanoi, SBV Governor Le Minh Hung said.
Hung was speaking at a recent meeting with Chairman of the China Banking Regulatory Commission Guo Shuqing in Hanoi.
Hung proposed to the two sides to enhance co-operation in supervising the cross-border entities to ensure safety and efficiency of the banking system and to create conditions for these entities to contribute to boosting the investment-trade relations between the two countries.
On November 12, the two banks signed a memorandum of understanding about information exchange in banking supervision, which replaced the memorandum of understanding signed in 2008.
The Agricultural Bank of China is the third largest bank in China and in the world by total assets.
The bank had total assets estimated at 2.82 trillion USD.-VNA
You should also see
Dien Bien: Tua Chua's tourism potential needs to be further promoted
Tua Chua highland district in the northwestern mountainous province of Dien Bien boasts a lot of potential and advantages for the development of top-tier tourism.
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
