Japanese bank to open office in Hanoi
Friday, March 2,2018AsemconnectVietnam - Japan’s Juroku Bank Ltd will open a representative office in Hanoi in the time ahead after getting a licence from the State Bank of Vietnam (SBV) in early February.
On February 2, SBV issued License No 32/GP-NHNN, permitting Juroku Bank to establish its representative office in Hanoi for five years.
Accordingly, the office will function as a liaison office for market research and promotion of investment projects of Juroku Bank in Vietnam.
The office will promote and monitor the implementation of contracts and agreements signed between the bank and credit institutions and businesses, as well as the bank’s financed projects in Vietnam.
It will also address the demand for loans from Japanese companies operating in Vietnam, especially those in the Tokai sub-region, where the bank’s headquarters is located.
The opening of the bank is a new opportunity for Japanese investment in Vietnam in 2018, with a predicted wave of investment coming from local, small and medium enterprises instead of giant corporations.
In a recent interview to the Vietnam Government Portal, Karashima Hiroshi, President of Japan Business Association in Vietnam (JBAV), said Vietnam was emerging as the No. 1 market in Asia for Japanese investors, as evident from a survey by Japan Bank for International Cooperation. The number of JBAV’s member enterprises investing and operating in Vietnam has increased by 1,750 companies (second only to Japanese firms in Thailand).
This partly shows that the business efficiency of Japanese firms in Vietnam is approaching closer to and catching up with those operating in Thailand, Hiroshi said.
It will also address the demand for loans from Japanese companies operating in Vietnam, especially those in the Tokai sub-region, where the bank’s headquarters is located.
The opening of the bank is a new opportunity for Japanese investment in Vietnam in 2018, with a predicted wave of investment coming from local, small and medium enterprises instead of giant corporations.
In a recent interview to the Vietnam Government Portal, Karashima Hiroshi, President of Japan Business Association in Vietnam (JBAV), said Vietnam was emerging as the No. 1 market in Asia for Japanese investors, as evident from a survey by Japan Bank for International Cooperation. The number of JBAV’s member enterprises investing and operating in Vietnam has increased by 1,750 companies (second only to Japanese firms in Thailand).
This partly shows that the business efficiency of Japanese firms in Vietnam is approaching closer to and catching up with those operating in Thailand, Hiroshi said.
Last year, Japan was the largest investor in Vietnam among 115 countries and territories with investment projects worth US$9.11 billion in the country.
Source: Vov.vn
Vincom Retail (VRE) recorded VND1,024 billion consolidated profit after tax in Q1/2023
TPBank (TPB): Profit before tax reached VND1,765 billion in Q1/2023, up nearly 9% yoy
Vinhomes (VHM) recorded VND11,923 billion profit after tax in Q1/2023
Bao Minh (BMI) sets profit target of VND375 billion in 2023
FPT Securities (FTS) pays 5% cash dividend and 10% stock bonus
PV Drilling (PVD) sets profit target of VND100 billion in 2023
HSC Securities reported VND154 billion pre-tax profit in Q1/2023
SSI earned over VND590 billion pre-tax profit in Q1/2023
Moody’s upgrades Sacombank’s credit rating outlook to positive
VinFast gets 2.5 billion USD to accelerate growth
Domestic firms eye increasing trade with Mexican market
Vinamilk plans higher revenue, looks to build cow farms in Philippines
Vietjet aims to clinch leading position in domestic market
Vietravel Airlines to get three more planes in Q3
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...