The Southern Bank (Vietnam) and the Korean financial group Hana on Nov. 19 signed a Memorandum of Understanding on cooperation at Southern Bank’s headquarters.
Mr. Seung Yu Kim, Hana’s Chief Executive Official and General Executive Director, applauded Southern Bank’s operating network, its financial capacity and development strategy.
Hana is one of the leading financial institutions in Korea. As of September 2007, the corporation had chartered capital of 10.553 billion USD and assets of 155 billion USD. It has 742 branches in seven nations, namely China, Japan, Indonesia, the US, Singapore, Vietnam and India.
Southern Bank leaders said the bank was planning to become a multi-functional financial institution in not only Vietnam but the region. Southern Bank’s development guideline is to strengthen cooperation with both Vietnamese and international partners. (Source: Nguoi Lao Dong)
