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HSBC and StanChart win Vietnam approval

10 September 2008

State bank approves HSBC and Standard Chartered to be the first foreign banks to open wholly-owned entities in Vietnam.

Read more: vietnam trade finance hsbc standard chartered asia asian trade financing

HSBC and Standard Chartered Bank have been granted approval from the State Bank of Vietnam to become the first foreign banks to open wholly-owned entities in the country a statement released by the bank says.

The licenses were signed and handed to the two banks...


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