Deutsche Bank’s HCMC branch to raise capital to $24 million

The State Bank of Vietnam said Friday it has allowed the Ho Chi Minh City Deutsche Bank AG to increase its registered capital from US$15 million to $24 million.

The German bank opened its Vietnam branch with a capital of $15 million in June 1995, the central bank said in a statement on its website. Currently, there are 38 foreign banks operating in Vietnam. Source: Thanh Nien