First foreign bank operates in Chu Lai OEZ
Taiwan’s Cathay Bank will open its branch in the Chu Lai Open Economic Zone (OEZ) on November 1 with a capital of US$15mil, reports the zone’s management board.
This is the tenth project of Taiwanese businesses in Chu Lai and the first foreign bank to open a branch in the zone.
Twenty-three projects were licenced to invest in Chu Lai OEZ in the January – October period, totaling more than $172mil of registered capital, raising the total number of projects to 119 and total registered capital to $1.405bil.
(Source: Nguoi Lao Dong)
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