The Qatar National Bank (QNB) has opened a representative office in Ho Chi Minh City with the stated objective of promoting trade between the two countries.

It will extend intermediary services in the field of investment and trade for Middle Eastern companies looking to establish businesses in Vietnam and develop investments in the country.

It also offers to facilitate Vietnamese companies' expansion into, or investment in, the Middle East.

The opening of the representative office is part of the bank’s efforts to expand its network in key markets around the world, including Asia.

Vietnam is one of the fastest growing emerging markets with a growth rate of six percent last year. The country is expected to sustain the high growth rate in 2015.-VNA