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

ANDPAD Launches Vietnamese Language Support for its Cloud-Based Construction Project Management Service

Expanding Multilingual Support for Global Users TOKYO, JAPAN - Media OutReach Newswire - 26 June 2025 - ANDPAD Inc. (Head Office: Chiyoda-ku, Tokyo; CEO: Takeo Inada; hereinafter ANDPAD), which op...

Changhong Unveils Smart Living Innovations at 2025 Jakarta Expo, Bringing AI-Driven Appliances to Indonesian Homes

Exclusive Shopee partnership brings cutting-edge smart living technology to Indonesian consumers JAKARTA, INDONESIA - Media OutReach Newswire - 24 June 2025 - Changhong, a global leader in smart ...

Malaysia Launches Full-Scale Startup ASEAN Platform To Drive Regional Growth

PUTRAJAYA, MALAYSIA - Media OutReach Newswire - 26 June 2025 - Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and e...

Hong Kong Civil Claim Centre Launches Free Work Injury Compensation Calculator

HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - The Hong Kong Civil Claim Centre (hkcivilclaim.com) has officially launched a brand-new online feature: the Work Injury Compensation Calcu...

Deleted

This Press release has been killed

SiegFund Transforms into SiegPath: A Strategic Rebrand Paving the Way for the Future of Professional Trading

HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - SiegFund, a fintech–driven proprietary trading platform, has officially completed its brand upgrade and will now operate as SiegPath, serv...

Plaza 66’s Pavilion Extension Tops Out, Opening in Second Half of 2026

Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 26 June 2025 - Hang Lung Properties Limited (SEHK sto...

New EcoFood@Mandai Development Offers Tailored Food Factory Spaces in the North

SINGAPORE - Media OutReach Newswire - 26 June 2025 - A new food factory hub, EcoFood@Mandai, has officially launched in Singapore’s northern region, bringing purpose-built factory units to a wide ...

GREE Opens Singapore Office to Drive Asia-Pacific Expansion with World-Class Air Conditioning Technologies

SINGAPORE - Media OutReach Newswire - 26 June 2025 - Global electronics manufacturer GREE has officially launched its Singapore branch, marking a key milestone in its expansion in Southeast Asia. ...

HONMA Golf Announces Annual Results for FY2024/25

Continued Gross Profit Margin and Net Operating Cash Flow improvements albeit difficult market conditions HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - HONMA Golf Limited ("HONMA"; tog...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy