RoK bank opens branch in Ho Chi Minh City
The Busan Bank (BS) of the Republic of Korea (RoK) opened its branch in Ho Chi Minh City on August 18.
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Chief Executive Officer and Director of BS Financial Group Sung Se Hwan said that BS is the RoK’s fifth largest bank, through which more than 60 Korean enterprises have invested in Vietnam.
The opening of the BS branch in Ho Chi Minh City will facilitate the investment of businesses from the RoK in general and Busan in particular in Vietnam, he said.
The bank will strive to become a financial partner of both Korean and Vietnamese enterprises, he added.
Speaking of the bank’s branch opening, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen pledged to create favourable conditions for Korean enterprises to seek investment and business opportunities in the city.
The RoK ranks fourth among countries and territories investing in Ho Chi Minh City. Currently, Korean investors are running 1,200 project in the city with a total capital of US$4.22 billion.
