This is a Bao Viet Bank and a subsidiary of a nation's leading insurer and the Bao Viet Group, have launched in the early January. As well as it becomes the Vienam's 39th joint type stock in the commercial bank. The Prime Minister the Nguyen Tan Dung also approved the total establishment of the Bao Viet Bank in the month of the October. As well as, nearly the two months after a State Bank of the Vietnam had also announced this. It would stop the licensing of new privately owned kinds of banks to make ensure the total health of our nation banking system and it spends changes to the bank establishment rules and all the regulations.

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The new type Hanoi-based bank system will open with the charter capital of the two trillion VND and with the total CMC Corporation. As well as the bank of Vinamilk hold the significant type minority interests in a new bank, at the nine percent and the eight percent, respectively. The Bao Viet Group's strict general director Nguyen the Thi Phuc Lam also said that the Bao Viet Bank was now ready to go the forward. After the long period of the training and that, an opening ceremony also would hold on the day nine of the month the January of the recent year the 2010.

At the Vietnam industry Forum in earlier of this month, a working group on the banking expressed the concerns about a large number of the banks in the Vietnam. That means the too many kind of small players also would create the inefficiency of the scale, costs and the professional skills. However, the State Bank of the deputy governor Nguyen the Van Binh also said that defining that the many banks are very or too few. By the center of this year, the all central bank also had received the 20 applications for establishing some new banks, but the bao viet nam net bank has become the only second to approve for the license. The Vietnam's banking system recently includes the five State-owned the commercial banks, and six joint-venture banks. They also includes the 38 private and commercial banks, the 44 branches of the foreign banks, also the 10 financial companies, even the 13 financial and leasing companies and the 998 of people's credit funds too.

As a single of the first time online newspapers in the Vietnam, the bao viet nam net has worked for improving both its total quality and the design. They want to paint the lively versatile reflection of the Vietnam in the order to satisfy all the increasingly diverse information and requirements of the readers at the home and abroad. The address has become very much familiar to the Internet users in the Vietnam and the overseas Vietnamese with very nearly one billion hits in the every month. The Vietnam Net Bridge is the first time English online type newspaper in the Vietnam. The Vietnam Net Bridge also gives the total lively, honest sign and an economic, the cultural and the social panorama of the Vietnam for their friends, partners and the entire international for the all community. This is very much useful to all the people, we can get much news, and it is the first internet newspaper of the group the Vietnam.