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South Korea’s Kookmin Bank licensed to open Vietnam branch

South Korea’s Kookmin Bank licensed to open Vietnam branch

The State Bank of Vietnam has licensed South Korea’s Kookmin Bank to open a branch in Hanoi, the government said on Tuesday.

The branch has a chartered capital of $35 million and the contract runs for 99 years, the government said in a statement.

South Korea is the largest source of foreign direct investment in Vietnam and the Southeast Asian country’s second largest trading partner.

Source: www.vnexpress.net 

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