Korean Woori Bank makes expansion to Can Tho city

The Republic of Korea (RoK)’s Woori Bank inaugurated its new branch in the Mekong Delta city of Can Tho on November 8, increasing the number of its offices in Vietnam to 21 after 26 years of operation in the country.
Korean Woori Bank makes expansion to Can Tho city ảnh 1Delegates cut the ribon to inaugurate the Woori Bank's Can Tho branch. (Photo: VNA)
Can Tho (VNA) – The Republic of Korea (RoK)’s Woori Bankinaugurated its new branch in the Mekong Delta city of Can Tho on November 8, increasing the number of its offices in Vietnam to 21 after 26 years of operationin the country.

General Director of Woori Bank Vietnam Park Jong Il said that the establishmentof the branch is part of the Korean lender’s strategy to boost its business activitiesin Vietnam, hoping to bring the best financial services and products to localresidents and businesses.

Woori Bank offers a diversity of financial services to individual and businesscustomers, he said, adding the bank alsoprovides financial consultancy for Korean firms who are going to break into theVietnamese market.

Meanwhile, RoK Consul General Shin Choong Il highlighted that being present in Vietnam since 1997, the bank has enjoyed robust operation and madecontributions to the Vietnam – RoK friendship.

Director of the State Bank of Vietnam’s Can Tho branch Tran Quoc Ha pledgedsupport for Woori Bank to run effective business in the city, while asking thebank to strictly comply with related regulations in Vietnam and respect itscustomers’ benefits.

Established in 1899, Woori Bank is the oldest in the RoK. It has 713domestic branches and transaction offices, and a network of 567 others in 24countries across the globe. With a total asset value of 508.1 billion USD,Woori Bank has made its name to the list of the world’s largest banks.

Woori Bank entered Vietnam with its first office in Hanoi in 1997. The bankplans to expand its financial clout byadding 10 branches across the country in the first half of 2024./.
VNA

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).