IBK launches Vietnamese subsidiary to expand support for SMEs
Industrial Bank of Korea (IBK) officially launched its Vietnam subsidiary in Hanoi, aiming to expand financial support for Korean companies operating in the country and serve as a bridge for financial cooperation between the two countries, the state-run lender said Wednesday. The launch ceremony, held in Hanoi on Tuesday, came after the lender completed the establishment process following final…
The Korea Times reports that the Industrial Bank of Korea (IBK) has officially launched its Vietnamese subsidiary in Hanoi, with the aim of expanding financial support for Korean companies operating in Vietnam and facilitating financial cooperation between the two nations. The launch ceremony, held in Hanoi on Tuesday, took place after the lender completed the establishment process following final approval from the State Bank of Vietnam in April.
IBK Vietnam Bank will leverage the operating experience of IBK's existing branches in Hanoi and Ho Chi Minh City, as well as the state-run lender's extensive six-decade history of policy financing for small and medium-sized enterprises (SMEs). The new bank plans to expand its network around major industrial complexes to better serve Korean businesses in Vietnam and provide financing to support productive investment and economic cooperation between the two countries.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- IBK launches Vietnamese subsidiary to expand support for SMEs koreatimes.co.kr
