Woori Bank is allowed to open five branches and a transaction office in Vietnam. (Photo: vneconomictimes.com) Hanoi (VNS/VNA) - The State Bank of Vietnam last week sent a document to the Republic of Korea’s Woori Bank allowing it to open five branches and a transaction office in Vietnam. The branches will be opened in Thai Nguyen, Ha Nam, Hai Phong, Nhon Trach (Dong Nai) and Binh Duong. The transaction office will be established in Phu My Hung under the Ho Chi Minh City branch. Most of the branches will be located in large industrial zones and areas with numerous foreign direct invested firms. Woori Bank is one of the nine wholly owned foreign banks in Vietnam. It was granted licence for operations in the country in 2016, with a charter capital of 3 trillion VND (131 million ÚD). Banks and large groups from the RoK have been accelerating their operations in Vietnam. Shinhan Bank has also been continuously expanding its operations in Vietnam, especially in retail … [Read more...] about Woori Bank to open five branches in Vietnam
Woori bank vietnam
Woori Bank establishes Vietnam unit
Woori Bank establishes Vietnam unitLe Hoang Woori Bank is officially incorporated in Vietnam - PHOTO: THANH HAI HANOI – South Korea’s leading investment bank Woori officially joined Vietnam’s retail banking market with its card and mobile banking products launched on Monday following regulatory approval from the State Bank of Vietnam for setting up a wholly foreign-owned entity. Woori Bank has been operating transaction offices in Hanoi and HCMC. With the official establishment of the subsidiary, the bank will boost retail business with an aim to become a leader among top foreign banks in Vietnam. Woori Bank will expand its sales network by establishing transaction offices in Bac Ninh, Haiphong, Dong Nai and Binh Duong within this year. Then, it will add five to seven more offices annually to expand its network to 20 branches across the country. In particular, Woori Bank will strengthen retail sales in Vietnam. It is … [Read more...] about Woori Bank establishes Vietnam unit
Woori bank establishes legal entity in Vietnam
PANO – South Korea’s leading investment bank Woori officially launched a wholly foreign-owned entity in Vietnam named Woori Bank Vietnam on November 7th. Attending the ceremony were representatives of SBV; representatives of the Vietnamese Government Office; Korean Ambassador in Vietnam Lee Hyuk; CEO and President of Woori Bank Lee Kwang Goo; and other Korean companies that are promoting trade in Vietnam. Speaking at the launching ceremony, Mr.Lee Kwang Goo, CEO and President of Woori Bank said: “Woori Bank Vietnam will take a step forward closer to our customers so that they can trust and feel absolutely secured to use our services. Meanwhile, Woori will keep on developing with the motto of becoming the reliable bank for customers and will always accompany with the development of the local society. Furthermore, we will strongly promote social activities to support the community development in Vietnam.” Woori Bank has been operating transaction offices in two … [Read more...] about Woori bank establishes legal entity in Vietnam
Korea’s Woori Bank establishes legal entity in Vietnam
(CPV) - After receiving the legal approval from the State Bank of Vietnam for setting up a wholly foreign-owned entity in the nation, the Republic of Korea’s leading investment Bank Woori on November 7th officially joined Vietnam retail banking market. Woori Bank has been operating transaction offices in Hanoi city (1997) and Ho Chi Minh city (2005). By introducing its subsidiary, Woori Bank will boost the retail business with an aim of becoming the top foreign credit bank in Vietnam market. As planned, it will expand its sales network by establishing transaction offices in Bac Ninh province, Hai Phong city (North region) and Dong Nai, Binh Duong provinces (South region) within this year. Then, the Bank will add more 5 - 7 transaction offices each year to expand its network to 20 branches across the country. It is also working with Woori Card to enter the Vietnamese credit card market in the first half of 2017. Furthermore, in order to expand the base of local customers, it … [Read more...] about Korea’s Woori Bank establishes legal entity in Vietnam
Korea’s Woori Bank establish legal entity in Vietnam
(CPV) - After receiving the legal approval from the State Bank of Vietnam for setting up a wholly foreign-owned entity in the nation, the Republic of Korea’s leading investment Bank Woori on November 7th officially joined Vietnam retail banking market. Woori Bank has been operating transaction offices in Hanoi city (1997) and Ho Chi Minh city (2005). By introducing its subsidiary, Woori Bank will boost the retail business with an aim of becoming the top foreign credit bank in Vietnam market. As planned, it will expand its sales network by establishing transaction offices in Bac Ninh province, Hai Phong city (North region) and Dong Nai, Binh Duong provinces (South region) within this year. Then, the Bank will add more 5 - 7 transaction offices each year to expand its network to 20 branches across the country. It is also working with Woori Card to enter the Vietnamese credit card market in the first half of 2017. Furthermore, in order to expand the base of local customers, it … [Read more...] about Korea’s Woori Bank establish legal entity in Vietnam