Lee Kyung-Seob, CEO of Nonghyup Bank, announced the opening of its branch in Hanoi (Photo: VNA)Hanoi (VNA) – The Republic of Korea-based Nonghyup Bank hasofficially opened a branch in Hanoi after receiving an official licence fromthe State Bank of Vietnam.
Withextensive experience and capabilities accumulated over 50 years, Nonghyup Bankwill participate in the Vietnam financial market with the full functions of acommercial bank and continue supporting the economic development of Vietnam andactivities of both countries’ businesses.
Foundedin 1961 in the RoK, Nonghyup is a co-operative bank with 100 percent of capitalcontributed by farmers and locals. Nonghyup is not only a commercial bank andbut also a bank supporting agriculture policy, providing credit services forhouseholds and businesses and contributing to the Korean economy through creditfinancing in the field of rural agriculture. Nonghyup is currently the largestbank in the RoK.
NonghyupBank has had a representative office in Vietnam since 2012. At present,Nonghyup Bank is implementing several corporate social responsibility (CSR)activities to support Vietnamese brides in multicultural families whilefocusing on the mountainous areas of Vietnam.
NonghyupBank has signed a corporation agreement with Tin Tuc (News) Newspaper (underVietnam News Agency) to provide this publication to overseas Vietnamese livingin the RoK-VNA
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