HCM City (VNA) – The Busan Bank (BS) of the Republic of Korea (R🐠oK) opened its branch in Ho Chi Minh City on Augu🔴st 18.
Chief Executive Officer and Director of BS Financial Group Sung Se Hwan said that BS is the RoK’s fifth largest bank, through which more than 60 Korean enterprises have invested in Vietnam.
The opening of the BS branch in Ho Chi Minh City will facilitate the investment of businesses from the RoK in general and Busan in particular in Vietnam, he said.
The bank will strive to become a financial partner of both Korean and Vietnamese enterprises, he added.
Speaking of the bank’s branch opening, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen pledged to create favourable conditions for Korean enterprises to seek investment and business opportunities in the city.
The RoK ranks fourth among countries and territories investing in Ho Chi Minh City. Currently, Korean investors are running 1,200 project in the city with a total capital of 4.22 billion USD.-VNA
Mayor of Busan city Suh Byung-soo has hailed the conclusion of free trade agreement talks between the Republic of Korea (RoK) and Vietnam, saying that it is an important milestone in bilateral cooperation across economics, trade and investment.
Prime Minister Nguyen Tan Dung asked the Honorary General Consul of Vietnam in the Republic of Korea’s Busan-Gyeongnam region to continue with efforts to boost all-around cooperation between Busan and Vietnamese localities, during a reception in Hanoi on July 21.
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Busan Bank (Source: vietreader.com)
