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| South Korean Woori Bank is allowed to open five branches and a transaction office in Việt Nam. — Photo vneconomictimes.com |
Viet Nam News
HÀ NỘI — The State Bank of Việt Nam last week sent a document to South Korean Woori Bank allowing it to open five branches and a transaction office in Việt Nam.
The branches will be opened in Thái Nguyên, Hà Nam, Hải Phòng, Nhơn Trạch and Bình Dương. The transaction office will be established in Phú Mỹ Hưng under HCM 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 Việt Nam. It was granted licence for operations in the country in 2016, with a charter capital of VNĐ3 trillion (US$131 million).
Banks and large groups from South Korea have been accelerating their operations in Việt Nam.
Shinhan Bank has also been continuously expanding its operations in Việt Nam, especially in retail banking. — VNS
