Viet Capital Bank gets nod for 10 new branches, transaction offices hinh anh 1A transaction office of Viet Capital Bank. (Photo: VNS)

HCM City (VNA) – The State Bank of Vietnam has licensed Viet Capital Bank to open 10 branches and transaction offices this year.

The bank will open a branch each in Hanoi, Hai Phong, Quang Ninh, and Kien Giang, and transaction offices in Binh Duong, Dong Nai, Tay Ninh, and Da Nang.

It now has 38 branches and transaction offices in 18 major cities and provinces.

The bank had assets of 29.579 trillion VND (1.32 billion USD) last year and deposits of 25.904 trillion VND.

It had outstanding loans of 16.663 trillion VND while bad debts were less than 3 percent.-VNA