ANZ sells Vietnam's retail business to Shinhan Bank

ANZ sells Vietnam's retail business to Shinhan Bank

A man walks past a branch of the Australia and New Zealand Banking Group Ltd (ANZ) in Sydney October 29, 2013. REUTERS/David Gray/File Photo

Melbourne-headquartered bank ANZ announced on Friday that it will sell its retail banking business in Vietnam to Shinhan Bank Vietnam, after speculations about several financial institutions in the fray to buy the asset.

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