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Banks ramp up plans to establish VIFC subsidiaries
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Banks ramp up plans to establish VIFC subsidiaries
Photo: Le Toan HDBank has submitted to shareholders a proposal to establish a wholly owned commercial bank operating under a single-member limited liability structure at the VIFC, with all its charter capital owned by HDBank. The subsidiary bank is expected to be headquartered at the centre, operating independently in terms of legal status and financial management while complying with regulations set by the State Bank of Vietnam. The move aims t…
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