Korean group told to focus on financial investment in Vietnam

Deputy PM Hue told his guest that Vietnam always welcomes RoK investors, including Keb Hana, to invest in a financial market in the country, adding that the group can also get involved in the restructuring of banks.

The Vietnamese Government's decision to expedite the restructuring of the banking-financial systems in 2018 is seen as a good opportunity for financial groups such as Keb Hana, Hue said.

Deputy Prime Minister Vuong Dinh Hue and Chairman and CEO of the Hana financial group Kim Jung Tai (Source: VNA)

The Deputy PM extolled the cooperation between Keb Hana and the Bank for Investment and Development of Vietnam (BIDV) while mentioning  great potential for their stronger partnership in Fintech and mobile payment in Vietnam. 

Vietnam is seeking to develop its infrastructure through public-private cooperation forms, and hopes that Keb Hana can make direct or indirect investment in this area, he noted.

Chairman Kim Jung Tai applauded the stable and constantly improved business environment in Vietnam and revealed that his group will invest directly or make investment via funds in infrastructure in the Southeast Asian country.  

The group will boost partnership with Vietnamese financial institutions via Fintech companies and Keb Hana is assisting BIDV in developing financial and credit services, he said.