Vietnam Woori Bank Vinhomes Central Park Branch Opens... Accelerating Expansion of Retail Operations
Secured 17 Networks Across Vietnam Including Hanoi, Ho Chi Minh, and Da Nang... 3 More Branches Planned by Year-End
[Asia Economy Reporter Yu Je-hoon] Woori Bank announced on the 29th that it opened a branch office of Vietnam Woori Bank at Vinhomes Central Park in Ho Chi Minh City, Vietnam, on the 26th. Vinhomes Central Park is a central area near 'Landmark 81,' the tallest building in Vietnam, and is one of the regions with the highest number of young economically active people, making it a strategic base for attracting retail customers.
With the opening of this branch office, Vietnam Woori Bank will secure a total network of 17 locations across Vietnam, including 9 branches in northern Hanoi, 1 branch in central Da Nang, and 7 branches in southern Ho Chi Minh City. Additionally, Vietnam Woori Bank plans to open the Cham Bit Tower branch office in the Hanoi area in September. This branch office is located at a transportation hub connecting Hadong and Tay Xuan districts, enabling it to provide comprehensive financial services not only to nearby customers but also to Vietnamese students from various regions who wish to use the study abroad expense system.
A Woori Bank official stated, "To approach local Vietnamese customers as a friendly financial partner, we will expand not only offline channels but also digital customer touchpoints to provide more convenient and diverse services."
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Meanwhile, Woori Bank entered Vietnam by opening the Hanoi branch in 1997. In 2017, it established the Vietnam Woori Bank corporation and has been rapidly expanding its network throughout Vietnam. It is also expanding its business areas through non-face-to-face retail operations, asset custody services, and IB underwriting. As of the first half of this year, Vietnam Woori Bank has continuously grown, achieving assets of 2.9 billion dollars and a net profit of 19 million dollars.
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