Foreign banks gear up to expand networks in VietnamVietNamNet Bridge - In the last two years, Vietnam saw many foreign finance institutions leaving Vietnam or scaling down their investment. Foreign banks tend to expand their operation in Vietnam by opening more branches and transaction offices over the country. The move shows that foreign banks have big ambitions in the Vietnamese market and want to compete with Vietnamese banks in the retail banking sector. Meanwhile, some foreign banks which have representative offices in Vietnam have decided to extend their operation in Vietnam. RELATED NEWSVietnam banks see more withdrawals of foreign shareholdersVietnamese banks thrive following foreign partners’ divestmentMai Thanh

Source: VietNamNet News July 28, 2018 01:41 UTC