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Vietnam lucrative for foreign banks

Vietnam lucrative for foreign banks

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam.

CIMB set its first branch in Hanoi

CIMB set its first branch in Hanoi

CIMB Group has made itself more visible in Vietnam through the official launch of its first branch in Hanoi, which will be followed by another in Ho Chi Minh City next year.

AEC creates banking conundrum for Vietnam

AEC creates banking conundrum for Vietnam

(VOV) - Malaysia’s Public Bank Berhad based out of Kuala Lumpur recently filed to become the sixth wholly-owned foreign bank in Vietnam, according to officials at the Bank for Investment and Development of Vietnam (BIDV).