Posted inAT Finance, Australia, China, European Union, France, Hong Kong, Middle East, Oceania, Philippines, South Asia, Turkey, United Kingdom, Vietnam, World

Why are foreign banks fleeing Vietnam?

Vietnam has seen a growing number of foreign banks withdraw from its under-banked economy, the latest indication that all is not as well as Communist Party officials often claim. The foreign flight started in 2015, gathered pace in 2016 and accelerated dramatically last year. Last July, Commonwealth Bank of Australia (CBA) sold its branch in […]

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