Malaysia's CIMB Bank gets licence for Vietnam subsidiary - Vietnam c.bank
HANOI, Sept 29 (Reuters) - Vietnam's central bank on Thursday granted Malaysia's second-biggest bank CIMB Bank Berhad a licence to open a 100 percent foreign owned bank in Vietnam, the State Bank of Vietnam said on its website.
The newly established bank will have a registered capital of 3.2 trillion dong ($143.5 million) and can operate for 99 years, the central bank's statement said. ($1=22,302 dong) (Reporting by Mai Nguyen, editing by David Evans)