Deputy PM calls for Korean group’s investment in finance

11:05 | 13/01/2018 Economy

Deputy Prime Minister Vuong Dinh Hue has urged the Keb Hana financial group of the Republic of Korea (RoK) to invest in finance-banking in Vietnam.

Deputy PM Vuong Dinh Hue (R) and Chairman and CEO of the Hana financial group Kim Jung Tai - Source: VGP

Talking to Chairman and CEO of the group Kim Jung Tai in Hanoi on January 5, Deputy PM Vuong Dinh Hue stressed that Vietnam welcomes RoK investors, including Keb Hana, to invest in developing a diverse financial market in the country.

The group can also join the restructuring of banks, Deputy PM Vuong Dinh Hue said, adding that the Vietnamese Government has decided to accelerate the restructuring of the banking-financial systems in 2018, which is an opportunity for financial groups such as Keb Hana.

The Deputy PM appreciated the cooperation between Keb Hana and the Bank for Investment and Development of Vietnam (BIDV). He said that there is potential for their partnership in Fintech and mobile payments in Vietnam.

Deputy PM Vuong Dinh Hue added that Vietnam is also looking to develop its infrastructure through public-private cooperation forms, and hopes that Keb Hana could make direct or indirect investment in this field.

Hailing the stable and unceasingly improving business environment in Vietnam, Chairman Kim Jung Tai said his group will invest directly or make investment via funds in infrastructure in the Southeast Asian country.

He also said the group will expand its partnership with Vietnamese financial institutions via Fintech companies.

According to Kim Jung Tai, Keb Hana is helping BIDV to develop its financial and credit services.