ANZ-investment bank becomes operational in Vietnam

The ANZ Vietnam One-member Limited Liability Bank (ANZ Vietnam) began operating on May 25 with the opening of an exchange in Hanoi and a branch in Ho Chi Minh City.

This is part of the Australian and New Zealand Banking Group’s (ANZ) network expansion plan after it received its licence to establish a wholly foreign invested bank in Vietnam in October last year.

Speaking at the opening ceremony in Hanoi, ANZ Vietnam General Director Dam Bich Thuy said that the bank represents ANZ’s commitment to retaining a long-term investment in Vietnam and also aims to provide more convenient services for its Vietnamese clients.

“With the target of becoming one of Vietnam’s leading banks, we pledge to bring international quality products and services to all individual and corporate customers, especially those who operate in agriculture and infrastructure,” she said.

“We also attach a lot of importance to those which customers expect: simple, effective and safe banking solutions,” she added.

ANZ is one of the leading banks in the Asia-Pacific region and the world with total assets of 503 million AUD. It has been rated AA in credit sustainability by Standard & Poor’s for many years.

The group commenced operations in Vietnam in 1993.

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