ANZ gets licence to Bank in Vietnam
(17 October 2008 – Vietnam) ANZ has announced that it has received a licence to set up a fully owned bank in Vietnam.
ANZ received the licence from the State Bank of Vietnam, which allows it to set up a 100 per cent owned bank in Vietnam.
In the announcement, ANZ said that it underpins the bank’s plan to provide banking services to customers and companies in Vietnam.
After receiving the licence from Minh Tuan, the deputy governor of the State Bank of Vietnam, ANZ chief executive officer, Mike Smith, said that Vietnam is one of the countries the bank has identified as a high priority for growth as part of ANZ’s super regional strategy.
The chief executive officer of ANZ in Vietnam, Ms Thuy Dam, has been appointed general manager of the new entity, ANZ Bank Vietnam Ltd. A new head office will be established in Sun City in Hanoi.
ANZ said that it plans to establish at least four branches and transaction offices in Hanoi and Ho Chi Minh City in coming months with more outlets to follow next year, pending local regulatory approval.
Dam said that ANZ aimed to be a top four bank in Vietnam by 2012 through local incorporation and growth in retail and institutional banking.
ANZ is also adding additional relationship managers and product specialists to continue building services for a growing number of corporate and agribusiness clients, Dam said.
In the announcement, ANZ said that it underpins the bank’s plan to provide banking services to customers and companies in Vietnam.
After receiving the licence from Minh Tuan, the deputy governor of the State Bank of Vietnam, ANZ chief executive officer, Mike Smith, said that Vietnam is one of the countries the bank has identified as a high priority for growth as part of ANZ’s super regional strategy.
The chief executive officer of ANZ in Vietnam, Ms Thuy Dam, has been appointed general manager of the new entity, ANZ Bank Vietnam Ltd. A new head office will be established in Sun City in Hanoi.
ANZ said that it plans to establish at least four branches and transaction offices in Hanoi and Ho Chi Minh City in coming months with more outlets to follow next year, pending local regulatory approval.
Dam said that ANZ aimed to be a top four bank in Vietnam by 2012 through local incorporation and growth in retail and institutional banking.
ANZ is also adding additional relationship managers and product specialists to continue building services for a growing number of corporate and agribusiness clients, Dam said.
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