GE Money Vietnam to operate in domestic market

The State Bank of Vietnam has granted a licence to GE Money Vietnam to start operating in domestic markets.

The company can now issue promissory notes, bonds and other valuable papers, as well as receive trustee capital from local and overseas organisations.

GE will also offer credit cards and loans, and act as a consultant on asset management, banking and other financial matters. GE Money Vietnam , located in HCM City ’s Saigon Centre, has a charter capital of 300 billion VND (18.2 million USD).

VNA

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