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Banking & Finance

Shinhan Bank launches Global Trading Center in Vietnam

Released at: 15:01, 09/10/2017

Shinhan Bank launches Global Trading Center in Vietnam

Photo: Shinhan Bank

Opening of bank's second such center, specializing in foreign exchange services, announced on October 9.

by Thu Hoang

Shinhan Bank Vietnam announced on October 9 that it has officially launched its Global Trading Center in Vietnam.

This is the second global trading center put into operation by the bank, joining the first in India.

Playing an essential role in its global financial market chain, the focus of Shinhan Bank’s Global Trading Centers is on products and services associated with foreign exchange. The Vietnam center will be operated by two leading foreign exchange experts from South Korea and supported by a highly experienced Vietnamese foreign exchange team.

“With our advances in term of network and personnel and our thorough understanding of local markets and clients, our Global Trading Center in Vietnam will be a reliable option for both South Korean and Vietnamese clients for their transactions and investment in global financial markets,” said Mr. Shin Dong Min, CEO of Shinhan Bank Vietnam.

The center will provide such services as foreign exchange consultancy and transactions, foreign exchange market reports and forecasts, conduct derivative transaction in order to provide currency hedging solutions against foreign rate risks, investment support solutions, and foreign currency trading, among others.

With a network of over 1,000 representative offices located in over 20 countries worldwide, The Global Trading Center is expanding the most in South Korea’s banking sector.

In Vietnam, Shinhan Bank also owns the leading network among foreign-invested banks, with a total of 18 branches and transaction offices nationwide. The strong network makes the Global Trading Center a reliable and significant partner of clients and offers them investment opportunities.

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