Vietnam Sets Up Import-Export Bank: Vietnam has...

Vietnam Sets Up Import-Export Bank: Vietnam has established an import-export bank financed by shareholders, according to Radio Hanoi. The initial capital of the Vietnam Export-Import Bank is $28 million, divided into 250,000 shares. The bank was described in the broadcast as “a partnership corporation doing business in money and credit and providing banking services to serve production, processing of export goods and export-import activities.” Shareholders can pay in Vietnamese or foreign currencies, precious metals or stones, or in merchandise qualified for export. Vietnam is expanding its economic ties with Western and non-communist Asian nations and is trying to attract foreign investors to stimulate its poor economic performance.