Vietnam Woori Bank Opens 21st Branch, Can Tho Branch Established

Capital Increase of $200 Million Scheduled for the First Half of Next Year

On the 8th, Vietnam Woori Bank opened its 21st branch, the Can Tho branch, in Can Tho, the central city of southern Vietnam. From the fifth person on the right: Tran Quoc Ha, Head of the Central Bank Can Tho City Branch; Tran Viet Truong, Chairman of the Can Tho City People's Committee; Park Jong-il, CEO of Vietnam Woori Bank; Shin Chung-il, Consul General in Ho Chi Minh City; and Yoon Dong-wook, Financial Consul.

Vietnam Woori Bank announced on the 12th that it has established a Can Tho branch in Can Tho, the central city of southern Vietnam.

Can Tho, the largest city in the Mekong River Delta region, is one of Vietnam's five major economic cities along with Hanoi, Ho Chi Minh, Hai Phong, and Da Nang, and is a region with high development potential. With the opening of the Can Tho branch, Vietnam Woori Bank has established a network of 21 branches across Vietnam, including all five major cities.

Vietnam Woori Bank is planning to open the Starlake branch in the Hanoi complex new town area and the Le Dai Han office in Ho Chi Minh in November. By next year, it plans to build a total of 29 networks to accelerate local business operations.

A Woori Bank official said, "Vietnam is a country with stable economic growth prospects due to domestic demand expansion and foreign investment," adding, "A capital increase of approximately $200 million is scheduled for Vietnam Woori Bank in the first half of 2024, and we will spare no support to expand retail operations through localization."