The State Bank of Vietnam has licensed Viet Capital Bank to open five branches and 12 transaction offices this year, which will take its total number of transaction points to 87 in 26 cities and provinces.
A number of banks will have to step up recruitment from now to the year-end as they have announced plans to hire thousands of employees this year, but no significant progress has been made.
Public Bank Viet Nam Limited was given approval from the State Bank of Viet Nam (SBV) to open three additional three branches and two more transaction offices this year.
HCM City Development Commercial Joint Stock Bank or HDBank has been approved by State Bank of Vietnam to open 45 new branches and transaction offices in 2018.
Passengers can pay for their train tickets at
Vietnam International Bank''s (VIB''s) 154 branches and transaction
offices nation-wide, starting from October 1, the bank said in a
statement on September 29.
Many banks have recently opened numerous branches and transaction
offices, causing concerns about safety for the banks and unhealthy
competition within the banking system.
The State Bank of Viet Nam (SBV) purchased roughly US$7.7 billion worth
of foreign currency for the national foreign exchange reserve in the
first quarter this year thanks to stable foreign exchange rates, SBV
Governor Nguyen Van Binh said.
The Viet Nam Joint Stock Commercial Bank for Industry and Trade
(VietinBank) got approval to open eight more transaction offices in five
provinces, the State Bank said in a post on its website.