On May 8th, 2018, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Dong Tien had a meeting with Mr. Lee Dae-hoon – President and Chief Executive Officer of Nonghyup Bank.
Also attending the meeting were representatives from the International Cooperation Department and the Banking Supervision Agency of the SBV. Other representatives from Nonghyup Bank were the Director of Nonghyup Bank - Hanoi Branch and other leaders of Nonghyup Bank head office in the Republic of Korea.
At the meeting, Deputy Governor Nguyen Dong Tien warmly welcomed Nonghyup Bank’s delegation led by President Lee Dae-hoon to Vietnam. He expressed his belief that the visit of Mr. Lee Dae-hoon would contribute to further enhancing the comprehensive cooperation between Vietnam and the ROK in general and the relationship between the SBV and Nonghyup Bank in particular. Moreover, he emphasized that the two countries have now been in strategic partnership and obtained remarkable results in development of bilateral trade and investment. He assessed, the ROK was one of the first countries to have established their financial institutions in Vietnam, and these institutions have actively contributed to the socio-economic development and the reforms of the banking sector in Vietnam over the past years.
For his part, President Lee Dae-hoon expressed his sincere thanks to the Deputy Governor for his hospitality and for sharing the information that was useful for Nonghyup Bank to see more investment opportunities in Vietnam, especially in the banking sector. Mr. Lee Dae-hoon also exchanged the Bank’s experience of organization and performance as a policy bank of the Korean Government for the agricultural sector. The Bank is a leading supporter for micro finance, agricultural development and improving welfare for the farmer community, and has been recognized as the largest bank in the ROK to provide funds for the agricultural industry.
Nonghyup Bank launched its branch office in Ha Noi to support the rural and agricultural development of Vietnam. Mr. Lee Dae-hoon said that the Nonghyup Bank - Hanoi branch has been in operations in a stable and efficient manner and expected that the SBV and the related agencies in Vietnam would continue to support the implementation of the Bank’s new banking services and operational network expansion in Vietnam.
SBV Deputy Governor Nguyen Dong Tien takes photo with Mr. Lee Dae-hoon – President of Nonghyup Bank
The SBV Deputy Governor Nguyen Dong Tien said that Vietnamese Government would always facilitate foreign investors’ businesses and investments in Vietnam, and that the SBV always supports and creates favorable conditions for foreign banks to operate. He said Nonghyup Bank has a great deal of experience in the banking operations for the agricultural sector, which the Government and the SBV pay a lot of attention to. Therefore, he hoped that the Hanoi branch of Nonghyup Bank would operate strongly and effectively in compliance with Vietnamese laws, and contribute to the development of Vietnam’s banking sector.
VA