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Home  >>  Daily News  >>  Malaysia News  >> Capital Markets  >>  Malaysian bank to add branches in Vietnam

NEWS UPDATES 
22 October2009

Malaysian bank to add branches in Vietnam

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Malaysia’s Hong Leong Bank plans to further expand its reach in Vietnam with the establishment of branches and transaction centres after the establishment of its head office in Ho Chi Minh City, which was officially launched on October 8, reported Malaysian business daily the StarBiz.

Hong Leong Bank is the first Malaysian and Southeast Asian bank to be granted a licence to operate a full-scale commercial bank in Vietnam.

Hong Leong Bank Vietnam general director Le Dinh Long said they had studied the Vietnamese market and would offer what would be relevant to the needs today.

“We will keep an ear to the ground to ensure that we continue to understand our customers and be able to adjust to their changing needs and offer innovative products,” he said in a statement yesterday.

Hong Leong Bank Vietnam is the third of a growing stable of businesses of the Hong Leong group in Vietnam.

The group started in Vietnam with a 20 percent stake in Yamaha Motor Vietnam Co Ltd more than 11 years ago. In the last two years, the group has grown its investments in Vietnam to include a property development company.

 


 

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