HCM City (VNA) – Ho Chi Minh Citysupports and creates optimal conditions for the Republic of Korea’s NongHyupBank to open a branch in the southern largest economic hub of Vietnam, said amunicipal official.
While receiving NongHyup Bank PresidentLee Dae-hoon on January 31, Vice Chairman of the municipal People’s CouncilPham Duc Hai congratulated the bank on its recent achievements, especially theexpansion of branches in regional countries, including Vietnam.
Hai said HCM City supports NongHyup’s plan toopen the branch – a move shows the bank’s resolve to invest more intensivelyand extensively in the city.
He expressed his belief that with itsexperiences in opening the Hanoi branch, the NongHyup Bank will be successfulin deploying banking and credit activities in HCM City, thereby helping to connectinvestment and business activities of Korean and Vietnamese firms.
Briefing his host about NongHyup’s operations,Lee asked HCM City leaders to support the opening of the branch, thus creating favourableconditions for Korean enterprises to do business in the city.
NongHyup hopes that the bank can apply itsexperiences in agricultural credit provision in its activities in HCM City, he added.
The NongHyup Bank is an agricultural bankfounded in 1961 in the RoK. It launched a representative office in Hanoi in2013 and another in HCM City in November 2018. Its Hanoi branch was inauguratedin 2016.-VNA