Home Finance

Japanese financial firm to open office in Viet Nam

Jun 3rd at 20:24
03-06-2014 20:24:56+07:00

Japanese financial firm to open office in Viet Nam

Resona Holdings, Inc., a financial holding company from Japan plans to open a representative office in HCM City in October this year, according to Vietnamplus.vn.

During a recent interview, the group's Chairman Kazuhiro Higashi said one reason for the move is to help Japanese small and medium enterprises to advance into overseas markets.

The office will be the group's fifth overseas representative office after Shanghai, Hong Kong, Singapore and Bangkok.

Currently, the group has not yet taken part in international banking activities and has no plans to open overseas branches for such activities. Instead, they are seeking to increase the number of representative offices abroad to advise Japanese companies doing business overseas.

bizhub

MOST READ

NEWS SAME CATEGORY

VN boosts tax refunds to foreigners
FINANCE Jun 2nd at 13:41

VN boosts tax refunds to foreigners

Since July 1, 2014, foreigners would be able to obtain their value-added tax (VAT) refunds in seven border gates instead of two as at present.

VAMC sets annual target for bad debt purchases
FINANCE Jun 2nd at 09:57

VAMC sets annual target for bad debt purchases

The Viet Nam Assets Management Company (VAMC) will realise its target of purchasing between VND70 trillion (US$3.17 billion) and VND100 trillion (US$4.74...

Retail banks thrive while investment bankers gripe about low profits
FINANCE May 31st at 14:51

Retail banks thrive while investment bankers gripe about low profits

Small banks had a “bountiful crop” in 2013 while big banks experienced lower profits.

Opinions split over budget deficit plan
FINANCE May 30th at 13:57

Opinions split over budget deficit plan

The government is debating whether or not to set last year’s budget deficit at 5.3 per cent against the initially proposed 4.8 per cent.

“Mogul Kien” bank case: a lesson in conflict of interest
FINANCE May 30th at 13:54

“Mogul Kien” bank case: a lesson in conflict of interest

Tran Xuan Gia was recognized by state management agencies as president of Asia Commercial Bank (ACB), but this was on paper only. The real influential figure was...

Credit growth hits 1.31%, raises doubts
FINANCE May 30th at 13:31

Credit growth hits 1.31%, raises doubts

Credit growth of Viet Nam's banking system reached 1.31 per cent from January to May 23, which is creating doubts about the feasibility of 12-14 per cent credit...

BIDV offers attractive credit package for fishermen
FINANCE May 29th at 16:41

BIDV offers attractive credit package for fishermen

The Bank for Investment and Development of Vietnam (BIDV) plans to release a credit package with attractive interest rates to help fishermen build iron vessels for...

Vietnamese banks eye East Asian partners
FINANCE May 29th at 14:22

Vietnamese banks eye East Asian partners

Of the foreign financial groups expressing their wish to become shareholders of Vietnamese banks, the Japanese have proven to be the best candidates.

Agricultural firms gain access to cheaper credit
FINANCE May 29th at 10:18

Agricultural firms gain access to cheaper credit

Agricultural manufacturers, integrated agricultural production—distribution projects, technology-applied models—can now have access to more loans at cheaper costs...

Joint project offers lower rate loans to businesses in Ha Noi
FINANCE May 28th at 13:24

Joint project offers lower rate loans to businesses in Ha Noi

Businesses in the capital can access loans with interest rates of 7–8 per cent per year under a programme to remove difficulties for businesses.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top