The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and Hanoi branches.
Sumitomo's HCM City branch got the approval to raise the chartered capital from $ 15 million to $165 million; SMBC branch in Hanoi to increase the capital from $15, 932,232 to $335 million.
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