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Korean bank opens branch in Hai Phong

Update: April, 17/2015 - 07:59

— Korea's Shinhan Bank Viet Nam on Wednesday opened a branch in the northern economic hub of Hai Phong. — Photo thoibaonganhang

HAI PHONG (VNS) — Korea's Shinhan Bank Viet Nam on Wednesday opened a branch in the northern economic hub of Hai Phong, where many Korean investors have set up business.

It is the second of four branches the bank plans to open this year after one earlier in HCM City. The other two will be in Thai Nguyen and Ha Noi.

The Hai Phong Branch will seek to offer international-standard products to Korean and other foreign businesses, like usance payable at sight (UPAS) letter of credit, and loans to importers. — VNS

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