Hong Leong Bank Berhad’s wholly-owned subsidiary, Hong Leong Vietnam Limited recently inaugurated its new branch in Binh Duong Province, its fourth branch in Vietnam since it commenced operations in the country in October 2009.
The Binh Duong branch, which is strategically located at the Canary Complex on the main boulevard of Binh Duong, will serve the financial needs of the business community and individuals working and living there. Binh Duong is home to 28 established industrial zones and supported by well-developed infrastructure. Its trade and service grew at an impressive rate of 16.8% in the first half of 2012, making it the fastest growing province in the country.
Besides Binh Duong, Hong Leong Bank Vietnam’s three other outlets are in Hanoi, An Duong Vuong and Ho Chi Minh City, where it is headquartered. The Bank’s customers can access a network of over 15,000 ATMs and 50,000 point-of-sale outlets nationwide.
Hong Leong Bank Berhad is the first Southeast Asian bank to be granted a license to operate a wholly-owned foreign commercial bank.