Two Taiwan-based banks have been received licences from the Governor of the State Bank of Vietnam to open their offices in Vietnam.
Under the licences, the First Commercial Bank Ltd will open a branch in Hanoi and the Shenghai Commercial & Savings Bank Ltd, in and Dong Nai southern province.
Both branches are allowed to operate in 99 years with an operation capital of 15 million USD each.
They will provide services like local commercial banks in both Vietnamese and foreign currencies./.
Under the licences, the First Commercial Bank Ltd will open a branch in Hanoi and the Shenghai Commercial & Savings Bank Ltd, in and Dong Nai southern province.
Both branches are allowed to operate in 99 years with an operation capital of 15 million USD each.
They will provide services like local commercial banks in both Vietnamese and foreign currencies./.
