The Shinhan Bank Vietnam of the Republic of Korea (RoK) recently opened a branch in the northern economic hub of Hai Phong, where many RoK investors have set up business.
It is the second of four branches the bank plans to open this year after one earlier in Ho Chi Minh City. The other two will be in Thai Nguyen and Hanoi.
The Hai Phong branch will seek to offer international-standard products to RoK and other foreign businesses, like usance payable at sight (UPAS) letter of credit, and loans to importers.-VNA
It is the second of four branches the bank plans to open this year after one earlier in Ho Chi Minh City. The other two will be in Thai Nguyen and Hanoi.
The Hai Phong branch will seek to offer international-standard products to RoK and other foreign businesses, like usance payable at sight (UPAS) letter of credit, and loans to importers.-VNA
