Vietnam creates favourable conditions for Hana Bank’s long-term investment: Deputy PM
The Vietnamese Government is always willing to create favourable conditions for Korean businesses, including Hana Financial Group and Hana Bank, to invest and do long-term business in Vietnam in the spirit of harmonious benefit and risk sharing, Deputy Prime Minister Le Minh Khai has said.
Deputy Prime Minister Le Minh Khai (R) and CEO of Hana Bank Park Sung-ho at the event. (Photo: baochinhphu.vn)
Hanoi (VNA) - The Vietnamese Government is always willing to create favourable conditions for Korean businesses, including Hana Financial Group and Hana Bank, to invest and do long-term business in Vietnam in the spirit of harmonious benefit and risk sharing, Deputy Prime Minister Le Minh Khai has said.
Khai made the statement while receiving CEO of Hana Bank Park Sung-ho in Hanoi on April 27, adding that the bank is a key strategic partner of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).
Vietnam wants to enhance cooperation with the Republic of Korea (RoK) – its top partner in many fields – to extensively and practically deepen the bilateral ties across sectors, particularly economy, trade, and investment, Khai affirmed.
According to the Deputy PM, Vietnam’s economic achievements despite impacts of the COVID-19 pandemic were partly contributed by the domestic and foreign business communities, including the Korean bank.
For his part, Park informed his host on the Hana Bank’s contribution of 40 billion VND (1.74 million USD) to join hands with the BIDV to carry out social welfare programmes in Vietnam.
He hoped that the relationship between the two banks will be elevated to a strategic partnership that will become a model in the Vietnam-RoK economic collaboration and contribute to the development of the bilateral relations.
Thanking the bank for its contribution to social security activities in Vietnam, the Deputy PM expected that the Hana Bank will expand its investment in Vietnam, not only in banking but also in other sectors.
He suggested the Hana Bank frankly discuss with Vietnamese partners and authorities, such as the State Bank of Vietnam, to find out solutions to deal with difficulties and obstacles if any.
As the year 2022 marks the 30th founding anniversary of Vietnam-RoK diplomatic ties, Khai hoped that the Hana Financial Group and the Hana Bank, together with the BIDV, would hold meaningful activities to contribute to the deepening of relations between the two nations./.
The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank under its resolution No.696/NQ-BIDV issued on July 22.
The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.
KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Deputy Prime Minister Le Minh Khai (R) and CEO of Hana Bank Park Sung-ho at the event. (Photo: baochinhphu.vn) 
