HO CHI MINH CITY, Oct 9 — Hong Leong Bank opened its head office in Vietnam and its first branch in Ho Chi Minh City on Oct 8, with an initial capital of 1 trillion VND (RM187 million), Vietnam News Agency (VNA).
With the opening of its bank, Hong Leong group becomes the first Malaysian or Southeast Asian bank to be granted a license to operate as a full-scale commercial bank in the country.
Le Dinh Long, general director of Hong Leong Bank Vietnam, said: “We want our customers to grow with us, to keep trusting us with their hard-earned money.Over time, we will add more sophisticated products and services that will help you grow your money even further.”
Long also revealed plans for staff training in preparation for the bank’s expansion in Hanoi and other localities across the country.
As a bank with many branches and subsidiaries in the region, and an after-tax profit valued at RM242 million in the first quarter of 2009, Hong Leong Bank has proved their experience in efficient management and operations as one of the largest banks in the region.
In the last two years, the group has invested some US$70 million (RM168 million) in the first phase of ‘The Canary’, an integrated development located in the Vietnam-Singapore Industrial Park in Binh Duong province — Bernama
Show/Hide comments
Show/Hide comment form
