MORE NEWS

RETAIL BANKING | Cesar Tordesillas, Vietnam
Published: 10 May 11
912 views


Hana Bank eyes Vietnam prospects

Kim Jeong-tae, Hana Bank president, expressed his interest in launching operations in Vietnam and he met with senior Vietnamese financial officials.

 

Hana Bank has a representative office in Ho Chi Minh City but is seeking to turn it into a bank branch. But he cautioned that approval may not be given this year. Shinhan Bank and Kookmin Bank already have operating branches in Vietnam.

“I want Asia to be our stepping stone to launch into the global market,” Kim said. “Although Vietnam is currently struggling with difficulties, including high inflation, conditions are likely to get better and investments from Korea are expected to increase.”

Sign up for our weekly newsletter

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

Tags: Vietnam operations, bank branch, global market

MORE FROM HANA BANK
Hana Bank plans starting globalization route in China
Hana Bank plans starting globalization route in China The lender aims to be Mainland’s top foreign bank by 2020 as it plans of M&As and IPOs.
Hana’s KEB takeover deal temporarily put on hold
S&P not keen on Hana Bank's acquisition of KEB
Woori, Shinhan, Hana bid for Samwha Mutual Savings
Hana Bank to pare down bad-loan ratio
COMPANIES FEATURED
Hana Bank
TOP NEWS
Chinese banks see drop in bad loans
Chinese banks see drop in bad loans China's banks reported a reduction in bad loans fall and the maintenance of capital strength in the first three months of 2012.
Singaporean banks prove resilience in stress test: Fitch
State Bank of India posts massive profit increase
Chinese banks’ foreign expansion “irresistible”
Commercial Bank of Ceylon opens Islamic banking unit
City Union Bank eyes up to 30% growth
DongA Bank earns $24M pretax profit in 4 months
Chinese commercial banks' NPL ratio below 1%
Vietinbank to conclude 20% stake sale in Q4
AMMB's Pre-Tax Profit Jumps To RM2.082 Billion
OTHER RETAIL BANKING NEWS
Australian and Chinese banks suffer from bank-bashing governments
Australian and Chinese banks suffer from bank-bashing governments Why are the banks in two of the world’s better-performing economies under government scrutiny?
Combined market share of Australia's big four banks
Singaporean banks prove resilience in stress test: Fitch
City Union Bank eyes up to 30% growth
DongA Bank earns $24M pretax profit in 4 months