Mizzima News said 25 banks are affected by the new regulations, including one each from Vietnam, China, India, Mauritius, Australia and France, three each from Malaysia, Singapore, Taiwan (China), the Republic of Korea and Japan, and four from Thailand.
Ten foreign banks will be granted licences in the third quarter of this year to operate in Myanmar.
Granted banks must have at least US$75 million capital, US$40 million of which will be monitored by the CBM.
- Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
- IFC sets record with US$1.6 in climate financing to support Vietnam’s green transition
- Vietnam's credit growth up 10% in 10 months
- Building Hanoi's smart city with smart banking
- Vietnam stock market clears major legal hurdle to potential upgrade
- Cashless parking in Hanoi: Good model fuels smart transport