Vietnam's central bank has allowed partly private Asia Commercial Bank (ACB) to raise 6.5 trillion dong ($402.7 million) through long-term bond issues this year on domestic markets.
The Ho Chi Minh City-based bank would sell the bonds by the end of 2007 and use the proceeds in line with a plan approved by the State Bank of Vietnam, a statement on the central bank's website said on Thursday.
ACB, Vietnam's fifth-largest lender by assets, had 58.4 trillion dong in assets at the end of June, a rise of 30.9 percent from the end of 2006.
The bank has not published details of its debt issues.
Source: VNA
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