Home Finance

Taiwan's E.SUN Bank comes to Viet Nam

Sep 19th at 14:24
19-09-2015 14:24:01+07:00

Taiwan's E.SUN Bank comes to Viet Nam

Taiwan's E.SUN Commercial Bank (E.SUN Bank) today opened its first branch in the country in Bien Hoa city.

 

Situated in the Amata Industrial Zone in southern Dong Nai Province, the bank hopes to benefit from the expected increase in foreign investment, especially from Taiwan, as a result of the many bilateral and multilateral trade agreements Viet Nam signed this year, and the Trans-Pacific Partnership, which it might sign in the near future.

"The opening of E.Sun Bank's branch in Viet Nam is part of a plan to expand operations in Asia," Joseph N.C. Huang, the lender's president said.

Initially, the bank will provide financial services to Vietnamese and foreign businesses, especially Taiwanese, before targeting individual customers in future.

The bank now offers services to 3,000 Taiwanese businesses.

It has a chartered capital of $30 million and a license for 99 years.

bizhub

MOST READ

NEWS SAME CATEGORY

Vietnamese businesses prepare for US prime interest rate hike
FINANCE Sep 18th at 16:04

Vietnamese businesses prepare for US prime interest rate hike

Vietnamese businesses are holding their breath waiting for the US FED’s decision to raise the prime interest rate increase, slated for September.

Banks originally owned by state show growth in assets
FINANCE Sep 18th at 16:02

Banks originally owned by state show growth in assets

A State Bank of Vietnam (SBV) report shows that total assets of joint stock banks have fallen by 0.47 percent, while the total assets of banks that were originally...

Dollar rates cut as US rates remain unchanged
FINANCE Sep 18th at 15:44

Dollar rates cut as US rates remain unchanged

The dollar–dong exchange rates eased this morning at domestic commercial banks, following a decision by the United States Federal Reserve (Fed) to keep its interest...

IT plays vital role in tax reform
FINANCE Sep 18th at 15:27

IT plays vital role in tax reform

The application of information technology was one of the key reforms needed for the administration of taxation and customs.

Despite devaluation, holding Vietnamese dong still more beneficial: official
FINANCE Sep 18th at 10:55

Despite devaluation, holding Vietnamese dong still more beneficial: official

A senior state official has recommended that Vietnamese depositors cling to the local currency, the Vietnamese dong, as keeping it will be more profitable than...

VPBank offers preferential loans
FINANCE Sep 17th at 10:55

VPBank offers preferential loans

Viet Nam Prosperity Bank (VPBank) is offering a preferential programme for small and medium-sized enterprises (SMEs) with the aim of helping them access loans for...

Economists deny prediction about additional 2% VND devaluation
FINANCE Sep 16th at 20:51

Economists deny prediction about additional 2% VND devaluation

Businesses and analysts have questioned the State Bank of Vietnam’s (SBV) statement that it would not devalue the dong any further until the end of 2015.

Changes reported in banks' charter capital
FINANCE Sep 16th at 20:28

Changes reported in banks' charter capital

The total charter capital of the country's 12 smallest commercial banks by the end of the second quarter was worth only VND37.694 trillion (US$1.675 billion).

More changes in DongA Bank's management positions
FINANCE Sep 15th at 13:59

More changes in DongA Bank's management positions

There were more changes witnessed in management positions at the ailing DongA Bank on September 14.

VN unlikely to loosen lending
FINANCE Sep 15th at 13:51

VN unlikely to loosen lending

Despite low inflation this year, the Government should remain cautious when offering support to boost economic growth, said director of the State Bank of Viet Nam's...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top