Woori Bank Opens New Bac Ninh Branch in Vietnam to Accelerate Local Operations

Lee Jong-in, Head of Vietnam Woori Bank Corporation (fifth from the left), and key institution heads are taking a commemorative photo at the opening ceremony of the Bac Ninh branch of Vietnam Woori Bank on the 26th.

[Asia Economy Reporter Kwangho Lee] Woori Bank announced on the 26th that it held an opening ceremony for the Woori Bank Bac Ninh Branch in Bac Ninh, Vietnam. The ceremony was attended by key officials from the Embassy of the Republic of Korea in Vietnam, the Financial Supervisory Service, the Bac Ninh Provincial People's Committee, the Central Bank, the head of Samsung Electronics Vietnam Complex, and customers.

Woori Bank Vietnam established the Bac Ninh Branch in June 2017 and has been providing financial services to corporate clients such as Samsung Electronics in the Yen Phong Industrial Complex. To expand retail operations in the Bac Ninh area, Woori Bank Vietnam opened a new Bac Ninh Branch in the city center, and the existing Bac Ninh Branch was converted into a Samsung Electronics business office to continue providing financial services to customers within the Yen Phong Industrial Complex.

With the establishment of the new Bac Ninh Branch and the conversion of the existing branch into a Samsung Electronics business office, Woori Bank Vietnam has a total of 15 branches nationwide, including 8 branches in the northern Hanoi area, 1 branch in central Da Nang, and 6 branches in southern Ho Chi Minh City.

Additionally, to strengthen its business base in high-growth regions by the end of this year, the bank plans to open 5 more branches, securing more than 20 branches by 2022.

Kwon Kwang-seok, President of Woori Bank, said, "We will actively invest and support so that Woori Bank Vietnam can grow to be the number one foreign bank in Vietnam."

This content was produced with the assistance of AI translation services.