Vietnam. Dec 16. 2009 – Subsequent to the financial business license issued by The State Bank of Vietnam to ICBC on December 10, The Hanoi Planning and Investment Department issued the business license for ICBC to set up Industrial and Commercial Bank of China Limited Hanoi Branch.
Stated in the Hanoi business license is the same range of business permitted under Vietnam law in the financial business license issued by The State Bank of Vietnam. This concludes the official inception of Industrial and Commercial Bank of China Limited Hanoi Branch, which is the first Chinese bank coming from Mainland China authorized by Vietnam Government to set up branch in Vietnam since July, 1995.