VietinBank to shift $14m

VietinBank has received approval from the State Bank of Viet Nam (SBV) to contribute supplementary capital worth US$14 million to Indovina Bank Ltd (IVB) so that it can raise its charter capital as approved in January.

The Ha Noi-based bank, officially known as Viet Nam Joint Stock Commercial Bank for Industry and Trade, must carry out procedures in accordance with current laws, the central bank said in a post on its website.

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