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Banking & Finance: MHB to Open Hanoi Branch; Turn to Commercial Bank.
(From Vietnam News Briefs)
Inter-bank Forex Rate: $1=VND15,523.
The State-owned policy Mekong Housing Bank (MHB), which is tasked to provide concessional loans for residents to build houses in the flood-hit Mekong Delta region, plans to officially inaugurate a branch in the Vietnamese capital of Hanoi on October 16, aiming to become a commercial bank.
The bank recently received a license from the government to change into a commercial bank specializing in providing loans for infrastructure and housing projects in the Mekong Delta region and other economic regions nationwide, an MHB official said.
MHB currently has full network in all …
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