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Agricultural Bank of China to begin ops at Hanoi branch in May
StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity
Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
State Bank of Vietnam granted Agricultural Bank of China Ltd. a license to set up a branch in Hanoi, Reuters reported March 26, citing a statement from the central bank.
The Chinese bank's Hanoi branch, which is scheduled to commence operations in May, will have a charter capital of US$50 million.
In November 2017, Agricultural Bank of China obtained in-principle approval to set up a branch in Hanoi. The Chinese lender opened its representative office in the city in 2012.