Woori Bank, a subsidiary of the Republic of Korea’s Woori Financial Group, will open its new branch in Da Nang on October 18. (Photo: Yonhap)Seoul (VNA) – Woori Bank, a subsidiary of the Republic of Korea’sWoori Financial Group, will open its new branch in Da Nang on October 18.
Besides, it has planned to establish other four branches in Hanoi, Vinh Phuc,Dong Nai and Ho Chi Minh City this year, raising its total branches in Vietnamto 14.
The bank opened its first branch in Hanoi in 1997. Last year, it was licensedto establish six new branches to increase business activities in Vietnam.
Currently, in the Vietnamese credit system, there arenine banks with 100 percent foreign capital, namely ANZ, Standard Chartered,Shinhan, HSBC, Hong Leong, Public Bank, CIMB, Woori Bank and UOB.
Over the past three years, two banks from the Republic of Korea,Shinhan and Woori Bank, have been actively expanding their network in Vietnam./.
VNA
