trending Market Intelligence /marketintelligence/en/news-insights/trending/qkg7ubpaez_d8u-ijmz0mq2 content esgSubNav
In This List

Standard Chartered Bank (Vietnam) gets approval to increase charter capital

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021

Blog

Banking Essentials Newsletter: November Edition 2021 - Part 2


Standard Chartered Bank (Vietnam) gets approval to increase charter capital

Standard Chartered Bank (Vietnam) Ltd. received approval from Vietnam's central bank to increase its charter capital to 4.215 trillion dong from 3.08 trillion dong, Viet Nam News reported Feb. 27, citing a document issued by the central bank.

Following increasing its capital, the bank will be required to file an application to the central bank for an amendment in its license. The central bank's approval is valid for 12 months from the signing date.

Standard Chartered Bank (Vietnam) is a unit of U.K.-based Standard Chartered Plc.

As of Feb. 27, US$1 was equivalent to 22,754 Vietnamese dong.