South Korea's Kookmin Bank licensed to open Vietnam branch
Wednesday, December 12, 2018, 10:36 GMT+7
HANOI -- The State Bank of Vietnam has licensed South Korea’s Kookmin Bank to open a branch in Hanoi, the government said on Tuesday.
The branch has a chartered capital of $35 million and the contract runs for 99 years, the government said in a statement.
South Korea is the largest source of foreign direct investment in Vietnam and the Southeast Asian country’s second largest trading partner.
