Paris Peace Accords 23 Oct. 1991

Thursday, June 8, 2017

[Vietnamization: Banking, Indochina] SHB Cambodia permittedto increase chartered capital

A customer learns SHB services. - Photo thoibaonganhang

SHB Cambodia permittedto increase chartered capital


VietNamNews | 8 June 2017

HÀ NI — SHB Cambodia Bank, the Sài Gòn–Hà Ni Bank (SHB)’s wholly-owned subsidiary, was given approval to increase its chartered capital from the current US$50 million to $75 million.

The Governor of the State Bank of Vit Nam (SBV), Lê Minh Hưng, on Tuesday promulgated a document to approve SHBs proposal to increasei ts chartered capital at the subsidiary after five years of operation in Cambodia.

Earlier, SHB submitted a document No 253/HĐQT on October 19, 2016, on the capital increase.

SHB opened its branches in Laos and Cambodia in 2011. However, SHB officially opened its subsidiary in Laos on January 15, 2016, and in Cambodia on September 9, 2016. It opened four branches in Cambodia.

The central bank also asked SHB to take responsibilities for implementingthe adjustment of the investment licence to foreign countries for SHB Cambodia Bank, in accordance with the current laws and regulations.

SHB was required to follow regulations on foreign currency management, investment and ensure safety in banking operation, including capital contribution and buying of shares. All the works must be reported to the SBV for supervision.

The Governor asked the Department of Bank Inspection and Supervision to supervise the SHB’s implementation of increasing its chartered capital. — VNS


  1. Anonymous12:17 AM

    To Cambodian or Khmer people, please don't do banking this Yuon/Vietnamese bank. Take your money out of their bank and put yours to other bank that you like and trust with.

    1. Anonymous9:20 AM

      You must realize and admit, the Vietnamese race is the true savior to yours. Stop causing trouble or God will continue to punish you. Have you wondered why the Dark Age happened against Cambodia since the Thai sacking and the abandon of Angkor Thom and Angkor Wat. When will it stop?

      Why did God make Pol Pot to punish your kind? Only then Vietnamese came and saved you?

      You want to be punished again with Pol Pot #2?

    2. Anonymous3:25 PM

      9:20 AM

      Yuon have never been the Khmers saviors.
      Analogically, Yuon drowned the fisherman, and
      Yuon later tried to save him from drowning.

      The Khmer people NEVER forget " Kom Pup Tae' Ong !!! "

      A good Yuon is a dead Yuon !!! ✊️⚔️☠️

  2. Anonymous9:30 AM

    Read this news, "Asian Continental Rd.1-6: China and Vietnam dominate in Chengdu, China."

    One week later, Ms. Vo Thi Kim Phung 24-year old emerged as the new Asia Women Chess Champion.

    20 years ago, a different Vietnamese girl was also an Asia Women Chess Champion. That player is currently the strongest women chess player in Hungary (not counting Judith Polgar as she was playing against men.)

    Cambodian women can never compete in International Chess. Prove me wrong. Vietnamese are superior, agree?

    1. Anonymous3:17 PM

      9:30 AM

      Yuon are only superior in cheating and stealing !!!