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Shinhan to buy up stakes in Vietcombank joint venture

Mar 30, 2011, 4:18 PM (GMT+7)
Shinhan Financial Group, the biggest financial firm in the Republic of Korea (RoK), has decided to buy up the stakes of the Bank for Foreign Trade of Vietnam (Vietcombank) in the joint venture Shinhan Vina Bank. Founded in 1993, Shinhan Vina Bank was originally named First Vina Bank, of which Vietcombank held a 50 percent stake, the Korea First Bank possessed 40 per cent, and the Daewoo Securities... 
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