Business Daily Media

Men's Weekly

.

HDBank sets up Korea Desk for corporate clients

HO CHI MINH CITY, VIETNAM - Media OutReach - 26 June 2023 - To mark the visit to Vietnam by Korean President Yoon Suk Yeol and a delegation comprising executives from 200 large companies, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has set up the Korea Desk to providing specialised banking products, services and advisory support to Korean corporate customers.




After more than 30 years of diplomatic relations, designation first as a "Strategic Cooperation Partner" in 2009 and then an upgrade to a "Comprehensive Strategic Partner" last December 2022, South Korea has become one of Vietnam's top partners, ranking first in investment, second in ODA and third in trade.

Korean investors have over 9,500 active projects with a total registered capital of nearly US$82 billion in Vietnam.

Some 9,000 Korean businesses have invested in the country, with many prominent names playing an important role in the expansion and promotion of global supply chains.

Trade between the two countries increased by 175 times from 1992 to US$87.7 billion last year.

The visit by Yoon and the business delegation will create new momentum and promises new breakthroughs in trade and investment cooperation between the two countries.

Amid this, HDBank announced the launch of the "Korea Desk" to provide international standard banking products and services and dedicated advisory support for Korean corporate customers operating or planning to operate in Vietnam.

It currently serves and/or provides financing to over 80 Korean corporate customers, making significant contributions to their export efforts and participation in global supply chains.

At HDBank's Korea Desk, Korean corporate customers will be provided with a full range of banking products and services, including account services, liquidity management, business financing, project investment, import-export financing, e-banking services, financial and investment advisory, tax, and labour-related services.

The Korea Desk will contribute to strengthening trade and investment cooperation of Korean enterprises in Vietnam and promoting trade and investment between the two countries.

Kim Byoungho, chairman of HDBank, said: "The visit by the South Korean President to Vietnam is an opportune time for HDBank to launch the Korea Desk.

"Through this, HDBank aims to support Korean enterprises operating in Vietnam with more favorable conditions and support Vietnamese businesses in promoting their business with potential partners from South Korea."

HDBank is expediting plans to open a representative office in the Korean capital Seoul by completing necessary procedures in both countries, he said.

Once it opens, it would serve as a direct bridge for HDBank in South Korea, and further expand opportunities for trade and investment cooperation between businesses in the two countries, he said.

Since 2014 HDBank has been successfully operating the Japan Desk for Japanese corporate customers.

With the expansion of this specialized model through the Korea Desk, and plans for establishment of a representative office in South Korea, HDBank continues to take proactive steps in its internationalisation strategy and global integration.

Hashtag: #HDBank

The issuer is solely responsible for the content of this announcement.

News from Asia

CUHK Faculty of Engineering: Advancing Innovation Through Research Excellence and Global Collaboration

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - The Faculty of Engineering at The Chinese University of Hong Kong (CUHK) continues to strengthen its position in global engineering educat...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

Samsung’s Solve for Tomorrow 2025 Youth Innovation Competition is Now On

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025, the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the natio...

AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy ...

OCBC Hong Kong Unveils New Brand Campaign

Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media...

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE - Media OutReach Newswire - 23 July 2025 - X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earnin...

XTransfer Announces Over 700,000 Global Customers

Emerging Markets Become the "Blue Ocean" for Enterprises Going GlobalSHANGHAI, CHINA - Media OutReach Newswire - 23 July 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border...

Asia Pacific Enterprise Awards and Asia Responsible Enterprise Awards 2025 China Chapter Celebrates Exemplary Business Excellence and Responsible Leadership

SHANGHAI, CHINA - Media OutReach Newswire - 23 July 2025 - The Asia Pacific Enterprise Awards (APEA) and Asia Responsible Enterprise Awards (AREA) China Chapter successfully concluded its latest e...

Linyi Goods at Vietnam Expo Boost Sino-Viet Trade Ties

HO CHI MINH, VIETNAM - Media OutReach Newswire - 19 July 2025 - The China Factory Products Export Fair 2025 was held in Ho Chi Minh City, Vietnam from July 12 to 14...

Madame Tussauds Unveils 13 New Taylor Swift Figures in Historic Global Launch

Madame Tussauds Hong Kong’s new Taylor Swift wax figure will celebrate the folklore era, as part of the global entertainment brand’s biggest launch to dateHONG KONG SAR - Media OutReach Newswire ...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy