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HCM City (Biz Hub) — The Busan Bank (BS) of South Korea opened a branch in HCM City on Thursday, Vietnamplus.vn reported.

Chief Executive Officer and Director of BS Financial Group Sung Se Hwan said that BS is South Korea's fifth largest bank, through which more than 60 Korean enterprises have invested in Việt Nam.

The opening of the BS branch in HCMC will facilitate the investment of businesses from South Korea in general and Busan in particular in Việt Nam, he said.

The bank will strive to become a financial partner of both Korean and Vietnamese enterprises, he added.

Speaking of the bank's branch opening, Vice Chairman of the municipal People's Committee Trần Vĩnh Tuyến pledged to create favourable conditions for Korean enterprises seeking to invest and take advantage of business opportunities in the city.

South Korea ranks fourth among countries and territories investing in HCM City. Currently, Korean investors are running 1,200 projects in the city with a total capital of US$4.22 billion. — VNS