Agricultural Bank of China now in Hà Nội

Created 15 November 2017
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

The State Bank of Việt Nam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hà Nội, Governor Lê Minh Hưng said.

 

Governor Lê Minh Hưng meets with China Banking Regulatory Commission’s Chairman, Guo Shuqing, in Hà Nội on Monday. — File Photo

HÀ NỘI — The State Bank of Việt Nam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hà Nội, Governor Lê Minh Hưng said.

Hưng was speaking at the meeting with the China Banking Regulatory Commission’s Chairman, Guo Shuqing, in Hà Nội on Monday.

Hưng proposed to the two sides to enhance co-operation in supervising the cross-border entities to ensure safety and efficiency of the banking system and to create conditions for these entities to contribute to boosting the investment-trade relations between the two countries.

On Sunday, the two banks signed a memorandum of understanding about information exchange in banking supervision, which replaced the memorandum of understanding signed in 2008.

Agricultural Bank of China is the third largest bank in China and in the world by total assets.

The bank had total assets estimated at US$2.82 trillion. — VNS

 

Source: VNN

Maybe You Also Interesting :

» Solar power set for bus commuters and tourists

The central city of Đà Nẵng will install a solar power system to provide free charging for mobile phones, wifi and place advertising at public bus stops...

» Fund manager allegedly absconds with VNĐ50 billion

The State Bank of Việt Nam (SBV) branch in the southern province of Đồng Nai is inspecting the delay in paying interest and returning savings to...

» Gender inequality in ethnic minority groups: survey

Gender inequality in ethnic minorities is seen in different fields, including economy, labour, education, training and healthcare.
loading...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet