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BRANCH BANKING | Cesar Tordesillas, Vietnam
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Taiwan's Hua Nan Bank gets approved for Hanoi branch

Hua Nan Commercial Bank  has been given regulatory approval to set up a branch in Hanoi in Vietnam.

 

According to Taiwan's financial regulator, there regulator said there are eight Taiwanese banks currently operating in Vietnam, without specifying.

Taiwanese banks are looking for earnings growth abroad due to the intense domestic competition with the presence of many banks and super-low interest rates.

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