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Banks rush to make outward investments as Vietnam signs more FTAs

More Vietnam’s commercial banks are entering regional markets. In the first 11 months of the year, Vietnamese enterprises registered $357.5 million worth of outward investment. Of this, $105.7 million was registered for banking projects. 

Banks’ network expansion slows

VietNamNet Bridge - Commercial banks have been setting up new branches and transaction points every year. 

Commercial banks told not to open more branches

 VietNamNet Bridge – The State Bank of Vietnam believes that the number of bank branches and transaction offices is now “bigger than enough.” However, banks still have been trying to set up more branches.