Hanoi, April 24 -- The State Bank of Vietnam (SBV) has granted a licence for the establishment of a wholly foreign-owned bank to the Industrial Bank of Korea (IBK), marking a new step forward in attracting international financial investment and expanding the presence of Korean financial institutions in Vietnam. The information was announced during a working session between SBV Deputy Governor Nguyen Ngoc Canh and Chang Min Young, Chairman and CEO of IBK, as part of President of the Republic of Korea Lee Jae Myung's ongoing state visit to Vietnam. At the meeting, the SBV leader congratulated IBK Vietnam on receiving its licence, noting that the RoK currently has the largest number of financial institutions and banks operating in Vietnam. A...