Shinhan Bank Vietnam of the Republic of Korea opened a branch named An Dong in Ho Chi Minh City's District 5 on March 19.
This is the first of the four new units the bank plans to open in Vietnam this year, with the other units expected to be located in the north in Hanoi, Hai Phong and Thai Nguyen.
Shinhan Executive Heo Young Taeg, said the branch will serve both institutional and individual customers and provide "a full range of services", including deposits, lending and card issuance.
The bank is an affiliate of the Shinhan Financial Group and is based in Seoul. It has been active in Vietnam for 22 years and is headquartered in HCM City's District 1.
Shinhan Bank Vietnam has a charter capital of nearly VND 4.55 trillion, or US$ 210 million.