Why did the South Korean banks in Vietnam make profit?

Shinhan Bank

Shinhan Bank Source: infomoney.vn

As of September, 1977, there are 48 branches of Korean banks in Vietnam.


Big Korean banks are hastening their investment in Vietnam, which is considered a source of foreign profit, as Vietnam has experienced economic growth of 6% in recent years and more than 6,500 companies. Korea has come to Vietnam.

At the same time, some Vietnamese banks face many losses and must close.

Why is this paradox? According to financial expert Pham Gia Hung for SBS Vietnamese, their success is due to strict control, adequate staffing and training to the place.


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Why did the South Korean banks in Vietnam make profit? | SBS Vietnamese