Deutsche Bank’s HCMC branch to raise capital to $24 million

The State Bank of Vietnam said Friday it has allowed the Ho Chi Minh City branch of Deutsche Bank AG to increase its registered capital from US$15 million to $24 million.

The German bank opened its Vietnam branch with a capital of $15 million in June 1995, the central bank said in a statement on its website.

Currently, there are 38 foreign banks operating in Vietnam.

thanhnien

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