The State Bank of Vietnam on March 31 granted approval to , or BIDV, to open a branch in Yangon, Myanmar,Vietnam's Bizhub reported April 4.
The Vietnamese bank had previously received from the Central Bank of Myanmarto open the branch in March.
BIDV's Yangon branch will have a charter capital of US$85 million.
The bank also received approvalfrom Vietnam's central bank in January to open a representative office in Moscow.