Hsbc Brunei Banking Online
Country Reports: A-F
Afghanistan While Afghanistan is not a regional financial or banking center, its informal financial and credit system is extremely robust in scope and scale. Afghanistan is a major drug transit and drug producing country. Afghanistan recently passed anti-money laundering and terrorist financing legislation, and many efforts are being made to strengthen police and customs forces. However, there remain few resources and little expertise to combat financial crimes, or to produce meaningful financial intelligence. The most fundamental obstacles continue to be legal, cultural and historical factors that many times conflict with more Western-style proposed reforms to the financial sector generally. In early 2004, the Central Bank of Afghanistan, Da Afghanistan Bank ( ... [Read More]
American Embassy Hanoi - Bilateral Trade Agreement
Vietnam' financial system is inthe early stages of reform and is not yet an efficient allocator of financialresources. At least 50percent ofpersonal savings are held as cash, gold, or other assets outside the bankingsystem. However, as part of its WorldBank/IMF program, the GVN adopted a comprehensive banking reform program thatrelies on market-based action which is intended to ensure the stability of thebanking system, and in the medium-to-long term, promote better mobilization ofdomestic resources by improving allocation of those resources to commerciallyviable activities, and expand banking services throughout Vietnam. Raising capital for development is one ofVietnam's main economic priorities. ... [Read More]
American Embassy Hanoi - Bilateral Trade Agreement
American banks residing here include American Express Bank, Bank of America, Chase Manhattan Bank and Citibank. Other U.S. banks operate out of operations centers in nearby countries. All of the American banks offer trade financing services to U.S. companies, with Bank of America, Chase Manhattan Bank and Citibank offering on-shore services as licensed branches, and American Express Bank offering off-shore services. Other large foreign banks operating in Vietnam include ABN Amro Bank, ANZ Bank, BFCE, Credit Lyonnais, HSBC, ING Bank and Standard Chartered Bank. Though almost all foreign banks concentrate on wholesale banking, some of these offer retail banking services and ATM and electronic on-line service mostly for the use of expatriates in Vietnam. ... [Read More]
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