Economy
Changing mindset is key to administrative reforms: official
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| Lee Kyung-Seob, CEO of Nonghyup Bank, announced the opening of its branch in Hà Nội. — VNS Photo Minh Thu |
Viet Nam News
HÀ NỘI — South Korea-based Nonghyup Bank has officially opened a branch in Hà Nội after receiving an official licence from the State Bank of Việt Nam.
With extensive experience and capabilities accumulated over 50 years, Nonghyup Bank will participate in the Việt Nam financial market with the full functions of a commercial bank and continue supporting the economic development of Việt Nam and activities of both countries’ businesses.
Founded in 1961 in Korea, Nonghyup is a co-operative bank with 100 per cent of capital contributed by farmers and locals. Nonghyup is not only a commercial bank and but also a bank supporting agriculture policy, providing credit services for households and businesses and contributing to the Korean economy through credit financing in the field of rural agriculture. Nonghyup is currently the largest bank in Korea.
Nonghyup Bank has had a representative office in Việt Nam since 2012. At present, Nonghyup Bank is implementing several corporate social responsibility (CSR) activities to support Vietnamese brides in multicultural families while focusing on the mountainous areas of Việt Nam.
Nonghyup Bank has signed a corporation agreement with Tin Tức (News) Newspaper (under Vietnam News Agency) to provide this publication to overseas Vietnamese living in South Korea. — VNS
