INTERNATIONAL TRADE
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Transfer Service Weighed: Just one week after New York-based Citibank introduced a direct-funds transfer service to Vietnam for Vietnamese Americans, Bank of America said it is also interested in establishing a similar service.
“We are looking at that,” said Jim Mitchell, a Bank of America spokesman in San Francisco. “I know we’re interested in looking into the Vietnamese market.”
The San Francisco-based bank may have an advantage over Citibank because it has two offices in Westminster’s Little Saigon area and 62 branch offices in Orange County.
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