Prudential Vietnam Finance Okayed to Hike Cap to US$36Mln
Governor Nguyen Van Giau, of the State Bank of Vietnam has signed the Decision No.1091/QD-NHNN, approving the Prudential Vietnam Finance Co. Ltd. to raise its registered capital by 66.2 per cent to VND615 billion (US$36 million).
Prudential Vietnam Finance started operation in October 2007 with an initial registered capital of VND120 billion, which was raised to VND370 billion in late May last year.
The HCM City-based company reportedly made net profits of VND57.82 billion last year, down 5.8 per cent from December 2007. (SBV)
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