Woori bank expands VN market presence
Woori bank expands VN market presence
The Republic of Korea's Woori Bank on Monday held a launch ceremony to officially set up its wholly foreign-owned bank in Viet Nam.
Speaking at the ceremony, the bank's representatives said with the launch, Woori Bank would boost the retail business and target becoming the top foreign credit bank in the Vietnamese market.
As planned, the bank will expand its sales network by establishing transaction offices in the northern regions of Bac Ninh Province and Hai Phong City, and the southern provinces of Dong Nai and Binh Duong within this year. Woori Bank has been operating transaction offices in Ha Noi and HCM City since 1997 and 2005, respectively.
The bank will subsequently add 5-7 transaction offices each year to expand its network to 20 branches across the country.
It is also working with Woori Card to enter the Vietnamese credit card market in the first half of 2017.
Besides this, to expand the local customer base, it plans to connect various deposit and loan products, including mortgage, credit loan and bank assurance, offering comprehensive financial services to Vietnamese customers.
