Deputy Prime Minister Vuong Dinh Hue (R) and President and CEO of the Shinhan Card Co., Ltd. Lim Young-jin (Source: VNA) Hanoi (VNA) – DeputyPrime Minister Vuong Dinh Hue has urged the Shinhan Card Co., Ltd. of the Republicof Korea (RoK) to develop an ecosystem for financial technology (fintech) firmsin Vietnam in training workforce and applying scientific-technological advances.
During a reception in Hanoi onOctober 15 for President and CEO of the Shinhan Card Co., Ltd. Lim Young-jin, Huewelcomed RoK firms, including Shinhan Card, to increase investment in Vietnam.
He lauded their successes, sayingthat they have contributed to Vietnam’s social welfare and economic development.
The Deputy PM hailed Shinhan Card’spurchase of Prudential Vietnam Finance Co., Ltd. affirming that the State Bankof Vietnam will offer early feedback on the deal.
Lim, for his part, said ShinhanCard has been operating in finance-banking and securities in Vietnam,considering the country its largest foreign market.
He said Shinhan Card plans to dolong-term business in Vietnam, adding that all of its profits in the country willbe re-invested here, instead of being transferred to its parent company in theRoK.
According to him, Shinhan Card hasdeveloped payment card services and signed a contract to buy Prudential VietnamFinance Co., Ltd. in early 2018, thereby developing consumption finance in thecountry.
He vowed to focus on financialtechnology to make more contributions to the Vietnamese economy in the future.–VNA
During a reception in Hanoi onOctober 15 for President and CEO of the Shinhan Card Co., Ltd. Lim Young-jin, Huewelcomed RoK firms, including Shinhan Card, to increase investment in Vietnam.
He lauded their successes, sayingthat they have contributed to Vietnam’s social welfare and economic development.
The Deputy PM hailed Shinhan Card’spurchase of Prudential Vietnam Finance Co., Ltd. affirming that the State Bankof Vietnam will offer early feedback on the deal.
Lim, for his part, said ShinhanCard has been operating in finance-banking and securities in Vietnam,considering the country its largest foreign market.
He said Shinhan Card plans to dolong-term business in Vietnam, adding that all of its profits in the country willbe re-invested here, instead of being transferred to its parent company in theRoK.
According to him, Shinhan Card hasdeveloped payment card services and signed a contract to buy Prudential VietnamFinance Co., Ltd. in early 2018, thereby developing consumption finance in thecountry.
He vowed to focus on financialtechnology to make more contributions to the Vietnamese economy in the future.–VNA
VNA
