Two foreign banks to open Viet Nam branches

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State Bank of Viet Nam Governor Nguyen Van Binh has approved the opening of branches by two foreign banks in Viet Nam.

Two foreign banks will establish branches in Viet Nam. — Photo dantri.com.vn

HA NOI (Biz Hub) — State Bank of Viet Nam Governor Nguyen Van Binh has approved the opening of branches by two foreign banks in Viet Nam.

The central bank said in a statement released late last week that the Taiwan-headquartered E.SUN Commercial Bank Ltd will open a unit in the southern Dong Nai province, and French bank BNP Paribas will set up a unit in Ha Noi.

The institutions have to complete more procedures before they set up their establishments. — VNS

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