Dutch Bank eyes Vietnamese market

The global financial institution of Dutch origin, ING Bank, will open a representative office in Hanoi on May 7.

The new facility is part of the bank’s plan to develop its commercial bank network in 14 Asian markets, ING Bank said on April 10.

“Our Hanoi office will help to address the rising demand from our European clients as they expand their businesses in this region, as well as Asian companies looking to build an international business,” Vaughn Richtor, CEO of ING Bank in Asia, said in the announcement.

ING Bank has appointed Remco Gaanderse as chief representative of ING Bank Vietnam.

The bank was a book running mandated lead arranger for the recent $1.5 billion project financing for Mong Duong 2, Vietnam’s largest-ever private-sector thermo power project.

vir

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