Finance
IBK Industrial Bank of Korea sets up Vietnam unit for first time in 9 years, targets local SMEs
IBK Industrial Bank of Korea has completed the establishment of its local subsidiary in Vietnam and is moving to expand into the small and medium-sized enterprise finance market. The bank said it held a launch ceremony for IBK Vietnam Bank in Hanoi on Oct. 13. The unit received final approval from the State Bank of Vietnam in April and began full operations on Sept. 25.
