Busan Bank to open rep office in Ho Chi Minh City

The State Bank of Vietnam granted a license for Busan Ltd Bank to open its representative office in HCM City.

Accordingly, the Busan Bank’s representative office in HCM City will be used for purposes such as communication office, market research, promotion of investment projects in Vietnam, performance of contract and agreement between Busan Bank and Vietnamese credit institutions and enterprises and conducting Busan-financed projects in Vietnam.

This office is not allowed to conduct businesses and make profitable services in Vietnam in any way.

Busan Bank must conduct the inaugurating for this office within 12 months after being licensed.