Vinashin Financial Arm Boosts Capital by 41.7%
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The State Bank of Vietnam (SBV) has approved the Vietnam Ship Industry Finance Co. (VFC), the financial arm of the Vietnam Shipbuilding Industry Corp. (Vinashin), to increase its chartered capital by 41.7% to VND120 billion ($7.6 million), becoming the biggest among finance companies in the country. Deputy central bank governor Tran Minh Tuan signed a decision to approve the… |