Dutch ING Bank to open Vietnam rep office in May
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ING Bank announced April 10 it would open a Vietnam representative office in Hanoi on May 7, 2012 to strengthen its cross-border commercial banking services.
The logo of Dutch financial group ING in Amsterdam Photo: Reuters
The new office is part of a drive by the global financial institution of Dutch origin to boost its commercial banking network to cover 14 markets in Asia.
ING said the Hanoi office would promote its projects in Vietnam and oversee the implementation of the bank’s agreements with Vietnamese companies and credit organizations.
“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.
ING Bank was a bookrunning mandated lead arranger for the recent $1.5 billion project financing for Mong Duong 2, Vietnam’s largest-ever private-sector thermo power project.
ING Commercial Banking Asia is present in 14 economies namely China, Hong Kong, India, Indonesia, Japan, Malaysia, Mongolia, the Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, and Australia.