The State Bank of Vietnam issued Document No. 3382/NHNN-TTGSNH on May 18 to permit the Joint – Stock Commercial Bank for Foreign Trade of Vietnam (VCB) to raise its capital contribution into Vietcombank Fund Management (VCBF).
Accordingly, the SBV allowed the VCB to contribute VND 107.1 billion into the VCBF. The SBV required the VCB to be responsible for managing and ensuring the investment efficiency into VCBF and prudent operations of VCB.
Diem Hang