June 26, 2023 | 09:20 GMT+7

Korean Development Bank to open branch in Vietnam

Vân Nguyễn -

Bank hopes to help Vietnamese enterprises reach out to global markets.

Deputy Prime Minister Le Minh Khai meets with the leaders from KDB and IBK in Hanoi on June 23. Photo: VGP
Deputy Prime Minister Le Minh Khai meets with the leaders from KDB and IBK in Hanoi on June 23. Photo: VGP

The Korea Development Bank (KDB) expects to open a branch in Vietnam to share its experience and support Vietnamese businesses reaching out to global markets, according to Chairman and CEO Kang Seoghoon.

During a meeting between Deputy Prime Minister Le Minh Khai, Mr. Kang, and President and CEO of the Industrial Bank of Korea (IBK) Kim Sung-tae in Hanoi on June 23, Mr. Kang said that although the global economy is facing difficulties, Vietnam has still enjoyed sustainable growth, the Government News reported.

He added that he hopes for a strong partnership with Vietnamese companies in the fields of high technology, digital transformation, and green energy development for climate change mitigation.

Mr. Kim, meanwhile, said he would like to establish a bank specializing in providing financial services to small and medium-sized enterprises (SMEs), contributing to upgrading the ecosystem for local SMEs.

Deputy Prime Minister Khai spoke highly of the contributions of the two banks to connecting South Korean investment with projects in Vietnam.

He said the RoK now has the greatest presence among foreign banking and finance organizations in Vietnam.

Vietnam has 96 credit institutions and foreign bank branches.

Attention
The original article is written and published on VnEconomy in Vietnamese only. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
VnEconomy is not responsible for the translation.

Google translate