Bangkok Bank receives 99-year license in Vietnam

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 its confidence in Bangkok 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.

Bangkok Bank originally opened a branch in Saigon in 1961; however, the branch was closed in 1975 due to war. At the end of the war, Bangkok Bank was the first foreign bank to open operations in Vietnam, with the Ho Chi Minh and Hanoi branches opening in 1992 and 1994 respectively. The bank appointed Tharabodee Serng-Adichaivit as General Manager in charge of overall operations and customer service in Vietnam. Bangkok Bank is able to service Thai customers in Vietnam, as well as Vietnamese and foreign investors seeking opportunities in Vietnam further to the AEC integration due to its strong foundation, deep understanding of the needs of its customers and the Vietnamese market, and its relationships with Vietnam’s private and government sectors. Bangkok Bank is well prepared to support customers’ businesses in Vietnam and connect their business networks across the globe, Mr. Chaiyarit added.   

Expanding its foreign network is a key strategy of Bangkok Bank, reinforcing its commitment to serve customer needs worldwide. Bangkok Bank has 26 branches in 13 economies, including local banks and a representative office. With such a strong and broad international branch network, Bangkok Bank is renowned as a leading regional bank, ready for further regional integration as the Asean Economic Community.