ANZ to become locally incorporated in Vietnam

The Australian lender will open four new retail outlets and has been granted in-principle approval to incorporate locally.

Australia and New Zealand Banking Group ANZ, which is Australia's third biggest lender, is rapidly expanding its banking operations in Vietnam.

It plans to open four new outlets in Vietnam and has received approval in principle from the government to incorporate locally, which means it will be able to offer the same type of services to customers that domestic lenders can provide.

ANZ regards expansion in Vietnam as one of its highest priorities in Asia, says Alex Thursby, ANZ...

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