Speaking at the opening ceremony, Chief Executive Officer and Director of Busan Bank Sung Se Hwan said that BS is the RoK’s fifth largest bank, through which more than 60 Korean enterprises have invested in Vietnam.
The opening of the Busan Bank’s branch in Ho Chi Minh City will facilitate the investment of businesses from the RoK in general and Busan in particular in Vietnam, he said.
The bank will strive to become a financial partner of both Korean and Vietnamese enterprises, he added.
On his part, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen pledged to create favorable conditions for Korean enterprises to seek investment and business opportunities in the city.
The RoK ranks fourth among countries and territories investing in Ho Chi Minh City. Currently, Korean investors are running 1,200 project in the city with a total capital of 4.22 billion USD.