Bangkok Bank Trips Vietnam to Spur Investment

1:40:37 PM | 8/9/2007

Bangkok Bank Public Co Ltd is organizing a fact-finding trip to Vietnam for representatives of more than 50 companies from Thailand to seek investment and business opportunities, said the bank’s HCM City branch manager Tharabodee Serng-Adichatwit.
 
The trip will take place in August in some big cities such as Hanoi, Danang and HCM City, he said.
 
Last week, Bangkok Bank held celebrations for its 15-year presence in Vietnam. Meanwhile, its head office was hosting a seminar on investment in Vietnam for more than 400 Thai attendants in Bangkok, as well as organizing an investment trips to Vietnam.
 
The bank’s Research Department has issued investment guidelines for Thai businessmen who are interested in investing in Vietnam.
 
“Our strength includes knowledge about Vietnam’s investment regulations. We are able to guide and provide all information about the Investment Law to foreign investors, and even to help them choose locations for their investment projects,” said Tharabodee.
 
Tharabodee said the bank’s head office is the consultant to Thailand’s Board of Investment, the Thai Government Agency to assist Thai business people investing in Vietnam in recent years.
 
“We’ve claimed that we are the investment information centre for Thai investors as well as others. We are proud of our small contribution to Vietnam’s success in the financial sector and in the investment climate.”
 
The bank’s HCM City branch attained an on-year growth of over 25 per cent in the first half of 2007. It also planned to double its lending portfolio in 1 to 2 years.
 
Established in 1944, Bangkok Bank is one of the biggest commercial banks in the region, with more than 600 domestic and 22 overseas branches in 12 countries and territories.
 
Its HCM City branch started operation in Vietnam in July 1992, as the first foreign bank branch operational in Vietnam after the American war. (VNS)