ANZ Vietnam Gets In-Principle Okay to Double Capital
The Governor of the State Bank of Vietnam (SBV), the country’s central bank, has given in principle approval to ANZ Bank (Vietnam) Limited to double its registered capital to VND2 trillion in 2009, the SBV announced on September 17.
The Australia and New Zealand Banking Group (ANZ) will fund the capital increase of its affiliate in Vietnam.
ANZ Vietnam has become the second 100% foreign-invested bank in the Southeast Asian country since last October.
Operating in the Southeast Asian country since 1993, ANZ Vietnam currently has two branches in Hanoi and Ho Chi Minh City and a representative office in Can Tho. (SBV)
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