Overseas Vietnamese propose expatriate joint-stock bank
Vietnamese living in the U.S. have asked the Vietnam government to set up a commercial joint-stock bank with the shareholders being expatriate Vietnamese from all over the world.
Overseas Vietnamese have submitted the proposal to the State Bank of Vietnam for consideration, according to the Vietnam Committee for Overseas Vietnamese (COV.)
Capital for the bank raised by expatriates could reach $US 200 million, estimated some overseas Vietnamese businesses.
The expatriates also requested that the government establish an “overseas Vietnamese village” and a health resort for overseas Vietnamese.
Currently, the COV is attempting to set up an overseas Vietnamese science and technology association and education center to tap Vietnamese expatriates’ knowledge and abilities to contribute to Vietnam’s development.
Source: Vietnam Economy – Compiled by Hieu Trung.
Story from Thanh Nien News
Published: 29 December, 2004, 01:04:13 (GMT+7)
Copyright Thanh Nien News
