Home Finance

Mizuho bank opens trade finance office in HCM City

Jul 29th at 13:30
29-07-2015 13:30:47+07:00

Mizuho bank opens trade finance office in HCM City

Japan's Mizuho bank has opened an office in HCM City to provide short-term trade finance for large corporations.

 

Nguyen Thi Lan Huong, formerly of Techcombank, will take over as the head of the office. She will report the office's activities to Taku Ishikawa, director of the bank's HCM City branch, and Kaoru Mochizuki, head of Asia and Oceania at the bank's global trade finance division.

Mochizuki told Global Trade Review magazine that though there were disruptions coming from regulations and law of Viet Nam, his bank still saw growth opportunity and potential in the country in trade finance since more and more Japanese companies are moving to Viet Nam.

The bank is also working towards setting up a trade finance desk in Ha Noi in August as part of plan to continue to expand the business, and hiring more staff, according to Global Trade Review.

bizhub

MOST READ

NEWS SAME CATEGORY

Sacombank gets $50m loan from Cathay United Bank
FINANCE Jul 28th at 14:21

Sacombank gets $50m loan from Cathay United Bank

Sacombank has signed a contract to receive credit worth US$50 million from Taiwan's Cathay United Bank for its mid- and long-term credit activities.

SBV explains changes to personal loan limit
FINANCE Jul 27th at 13:41

SBV explains changes to personal loan limit

A representative of the State Bank of Viet Nam has confirmed that individuals can borrow money from banks without any limit if they fulfil the banks' requirements.

Door closes on VN tax debtors
FINANCE Jul 27th at 13:39

Door closes on VN tax debtors

Business representatives with large amounts of tax debt will not be allowed to leave Viet Nam under a new Ministry of Finance draft decision.

HCM City reviews bank-business links
FINANCE Jul 25th at 14:02

HCM City reviews bank-business links

HCM City has set a credit target of VND127.7 trillion (US$5.86 billion) this year for its bank-enterprise linkage programme, a meeting heard yesterday.

World Bank: Vietnam’s public debt at $110 billion
FINANCE Jul 24th at 13:52

World Bank: Vietnam’s public debt at $110 billion

The country’s public debt is higher than any statistics published by local institutions. Thus, each Vietnamese person is carrying over $1,200 public debt...

Quang Nam calls for Government’s help in settling Besra’s tax arrears
FINANCE Jul 24th at 13:42

Quang Nam calls for Government’s help in settling Besra’s tax arrears

The authorities of Quang Nam have asked the Prime Minister to instruct relevant ministries and agencies to help the province settle tax arrears of two gold mining...

Will Vietnamese banks pass the stress test?
FINANCE Jul 23rd at 13:41

Will Vietnamese banks pass the stress test?

The Vietnam Institute for Economic and Policy Research (VEPR) has announced unsatisfactory results on a stress test it conducted on 13 Vietnamese banks which hold...

MSB, MDB to merge next month
FINANCE Jul 23rd at 13:27

MSB, MDB to merge next month

The Maritime Bank (MSB) will merge with the Mekong Development Bank (MDB) next month.

Credit growth ceiling increase raises concerns
FINANCE Jul 23rd at 11:13

Credit growth ceiling increase raises concerns

Experts are concerned the State Bank of Viet Nam's recent decision to raise credit growth ceiling for many lenders could raise serious risks in the coming years.

Gov't gears up to collect tax arrears
FINANCE Jul 23rd at 11:08

Gov't gears up to collect tax arrears

The Ministry of Finance has officially made public the names of 600 companies that had accrued tax arrears till June end.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top