71.   Foreign bankers in Shanghai said they expected the central bank to select a second batch of banks next year.

72.   A foreign banker familiar with Vietnam Airlines, considered one of the financially strongest SOEs, bemoaned the level of management competence, and rudimentary financial record keeping.

73.   A French banker said he had a similar impression that the foreign exchange market would be open to foreign bankers this year.

74.   Additionally, some foreign bankers have recently reported that some large state agricultural and industrial enterprises have asked for loan extentions.

75.   But a foreign banker said that foreign banks did not yet have approval to conduct local currency business.

76.   The two events point out just how far Vietnam has to go in developing its financial sector, the foreign bankers said.

77.   Most foreign bankers expressed interest in applying for sub-branch licences, saying they could serve their customers better and because it was a condition for getting the yuan business.

78.   Pudong is a massive development zone where Shanghai is building a new financial district but faces difficulty attracting foreign bankers without the help of incentives.

79.   South Korean investors have called for action against UBS Warburg, while foreign bankers accused the FSC of giving in to pressure from SEC.