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Staff Reporter
, Vietnam
Published:

ANZ allowed to launch factoring services

ANZ Bank Vietnam has been allowed to launch factoring services, according to State Bank of Vietnam governor, Nguyen Van Giau.

Accordingly, ANZ Vietnam is allowed to carry out the factoring services in the domestic market and in the sector of export import payment operations in line with the current regulations. It must send a report of the results to the authorities within 6 months since April 7.


Under the decision, ANZ Vietnam has responsibility for finalising the legal procedures before launching the factoring services.

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