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IFC looks to invest $320m in three Vietnamese banks

International lender has been operating in country since 1997

A vendor walks in an alley decorated with national flags in Hanoi.   © Reuters

HANOI -- International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of $320 million in three Vietnamese banks to support their small and medium-sized enterprises (SMEs) loan portfolio.

The three banks receiving investments would be Saigon-Hanoi Commercial Joint Stock Bank (SHB), Vietnam International Commercial Joint Stock Bank (VIB) and Oriental Commercial Joint Stock Bank (OCB).

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