Kookmin Bank (under Korean KB Group) opened its first branch in Ha Noi on the 25th floor of Landmark72 building on Wednesday after having received approval from the State Bank of Viet Nam.

Kookmin Bank will provide financial services to Korean Corporations and continuously promote investment in northern Viet Nam. It also plans to develop financial services for individual Vietnamese customers by developing a digital banking service.

CEO Hur Yin said Viet Nam is a great market in which to develop advanced financial services from Korea.

“There are 150,000 Korean people living in Viet Nam and 7,000 Korean enterprises operating in the country, the co-operation and exchange between Viet Nam and Korean will increase rapidly,” he said.

“Apart from financial activities, we will boost social responsibility. We do charity in Tuyen Quang and Phu Tho Provinces. We also help the University of Social Sciences and Humanities compiling text books in Korean.” — VNS