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foreign owned bank

New wholly foreign owned banks might cease to emerge

The Government will not likely grant any more business licenses for banks with 100 per cent foreign capital, according to Deputy Prime Minister Vuong Dinh Hue.

Vietnam is about to have another 100% foreign-owned bank

On July 19, the Governor of State Bank of Viet Nam (SBV) Le Minh Hung on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited (UOB) to open a 100% foreign owned bank in Viet Nam.

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