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foreign banks in vietnam
Update news foreign banks in vietnam
UOB completes acquisition of Citigroup’s consumer banking business in Vietnam
United Overseas Bank Limited (UOB) on March 1 announced the completion of the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of approximately 575 Citigroup related staff to UOB Vietnam.
Foreign banks start consumer finance boost in Vietnam’s market
Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year.
European banks eligible to own up to 49% stake in two Vietnamese peers
As the EU has strong expertise in fields of financial services and telecommunication, the EU – Vietnam Free Trade Agreement (EVFTA) would have strong impact on the future landscape of Vietnam’s finance – telecommunication markets, said an expert.
Foreign finance institutions step up expansion plans in Vietnam
The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.
Foreign banks take on different approach
Many foreign banks have recently set up wholly-owned operations or opened new branches in Vietnam.
Wholly-foreign owned banks land in Vietnam
VietNamNet Bridge - Some branches of foreign banks in Vietnam have applied for conversion into banks with 100% foreign capital.
