Home Finance

South Korea's Shinhan Bank opens HCM City branch

Mar 20th at 13:50
20-03-2015 13:50:06+07:00

South Korea's Shinhan Bank opens HCM City branch

South Korea's Shinhan Bank Viet Nam opened a branch named An Dong in the southern city's District 5 on March 19.

This is the first of the four new units the bank plans to open in Viet Nam this year, with the other units expected to be located in the north in Ha Noi, Hai Phong and Thai Nguyen.

Shinhan executive Heo Young Taeg, said the branch would serve both institutional and individual customers and provide "a full range of services", including deposits, lending and card issuance.

The bank is an affiliate of the Shinhan Financial Group and is based in Seoul. It has been active in Viet Nam for 22 years and is headquartered in HCM City's District 1. Shinhan Bank Viet Nam has a charter capital of nearly VND4.55 trillion, or US$210 million.

bizhub

MOST READ

NEWS SAME CATEGORY

Strengthening US dollar stirs concerns over further depreciation of Vietnam currency
FINANCE Mar 19th at 14:38

Strengthening US dollar stirs concerns over further depreciation of Vietnam currency

The recent sharp increase in foreign exchange rates following the appreciation of the greenback on the world market has sparked public concerns over further...

FDIs in VN mostly served by foreign banks
FINANCE Mar 18th at 14:42

FDIs in VN mostly served by foreign banks

Foreign banks' branches are servicing most of the customers, who are foreign direct investors (FDIs) in Viet Nam, the Dau tu (Vietnam Investment Review) online...

BIDV funds new Vissai cement factory
FINANCE Mar 18th at 14:40

BIDV funds new Vissai cement factory

The Bank for Investment and Development of Viet Nam (BIDV) has approved a loan for the Vissai Cement Group worth VND6.3 trillion ($296 million) to build a cement...

Environment tax increase will not raise gasoline retail price in Vietnam: official
FINANCE Mar 17th at 15:49

Environment tax increase will not raise gasoline retail price in Vietnam: official

Gasoline prices in Vietnam will not rise when a higher environment tax is slapped on the fuel in May this year, a senior official from the Ministry of Finance has...

Dollar appreciates, but exchange rate may not be adjusted in first half of year
FINANCE Mar 17th at 15:18

Dollar appreciates, but exchange rate may not be adjusted in first half of year

The dollar price has been appreciating against the Vietnam dong like other currencies but analysts believe the State Bank will not adjust the dong/dollar exchange...

USD rates rise as Fed meeting nears
FINANCE Mar 17th at 14:23

USD rates rise as Fed meeting nears

US dollar rates soared at local commercial banks yesterday, continuing the trend from last week.

Bad debts of nine listed banks revealed
FINANCE Mar 16th at 14:25

Bad debts of nine listed banks revealed

The non-performing loans (NPL) of all nine listed banks are less than 3%, according to the latest consolidated financial statement of these banks.

Exchange rates to remain stable in H1
FINANCE Mar 14th at 14:42

Exchange rates to remain stable in H1

The State Bank of Viet Nam will not adjust the exchange rate between the Vietnamese dong and the US dollar during the first half of this year (H1).

SBV mandates sale of NPLs
FINANCE Mar 14th at 14:29

SBV mandates sale of NPLs

Credit institutions have been forced to sell their non-performing loans (NPLs) to national debt dealer Viet Nam Asset Management Company (VAMC) to meet regulated...

Proposed consolidation positive for banking sector
FINANCE Mar 12th at 16:29

Proposed consolidation positive for banking sector

Viet Nam's central bank's plans to consolidate the country's banking system, and introduce new rules involving ownership structure under Circular 36 are likely to...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top