
Australia and New Zealand Banking Group (ANZ) has received permission from the State Bank of Vietnam to double the registered capital of its subsidiary, ANZ Vietnam, to VND2 trillion (US$112 million).
“Commercial banks, especially foreign ones, operating in Vietnam continue to raise their registered capital despite the global financial crisis and economic slowdown.
It means that Vietnam is a safe destination for foreign investors,” the central bank said on its website on Friday.
ANZ had obtained the license to open a wholly-owned bank in Vietnam last October.
Reported by Thanh Nien staff
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