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Bangkok Bank granted 99-year Vietnam extension

Bangkok Bank granted 99-year Vietnam extension

(13 September 2012 – Vietnam) Bangkok Bank was granted a 99-year extension of its banking service license from Vietnam. The extension will replace the 20-year license due to expire this year – the bank has already been operating in Vietnam for 50 years.

The new license enables Bangkok Bank's Ho Chi Minh City and Hanoi branches to service customers until 2111.

Bangkok Bank executive vice president Chaiyarit Anuchitworawong, said it is a great honour to win the longest license given by the State Bank of Vietnam to a foreign bank.

'The license reflects the State Bank of Vietnam's confidence in Bangkok Bank's operations and experience, with more than 50 years as a leading foreign bank in Vietnam.

"Bangkok Bank has received great recognition and trust from the people of Vietnam and the Vietnamese government, proudly accepting a Certificate of Merit for banking excellence from 2008-2010 from the State Bank of Vietnam,' he said.
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