StanChart Vietnam reports 2010 revenues of $40.5M

Standard Chartered Bank Vietnam reported total revenues of  $40.5 million and pretax profit of $4.2 million for 2010.

This is the first time the bank released business statement from being approved as 100 percent invested foreign bank in Vietnam in August 2009.

Total assets of Standard Chartered Bank Vietnam by late last year reached almost $879 million, up 47 percent, and total debts grew 31 percent.