The State Bank of Vietnam on Dec. 22 granted licences to branches of three foreign banks, allowing them to increase their charter capital.
The HCM City Branch of the Huanan Commercial Bank Ltd plans to raise its capital from 15 million to 65 million USD and Chinatrust's HCM City branch will lift capital from 15 million to 50 million USD.
And HCM City and Hanoi branches of the Mizuho Corporate Bank Ltd want to steeply lift their capital from 15 million USD each to 133.5 millionUSD.
By October 31, Vietnam had a total of 71 foreign credit institutions and 48 representative offices. They now hold assets valued at more than 420 trillion VND (20 billion USD), or 11.25 percent of the entire finance sector./.
The HCM City Branch of the Huanan Commercial Bank Ltd plans to raise its capital from 15 million to 65 million USD and Chinatrust's HCM City branch will lift capital from 15 million to 50 million USD.
And HCM City and Hanoi branches of the Mizuho Corporate Bank Ltd want to steeply lift their capital from 15 million USD each to 133.5 millionUSD.
By October 31, Vietnam had a total of 71 foreign credit institutions and 48 representative offices. They now hold assets valued at more than 420 trillion VND (20 billion USD), or 11.25 percent of the entire finance sector./.
