On March 29th, 2019 in Hanoi, Governor Le Minh Hung of the State Bank of Vietnam (SBV) had a meeting with Mr. Nobiru Adachi – Senior Managing Director, Executive Officer of J Trust Co., Ltd. (Japan).
At the meeting, Governor Le Minh Hung welcomed the delegation of J Trust Co., Ltd. led by Mr. Nobiru Adachi to visit and work with the SBV to learn about opportunities to participate in Vietnam's financial and banking market. SBV Governor Le Minh Hung shared that over the past years, Vietnam's macro-economy has remained stable with growth reaching a sustainable level, the restructuring efforts have achieved positive results, which are conditions that help Vietnam continue to be a potential market for foreign investors, including in the banking sector. In addition, SBV Governor Le Minh Hung highly appreciated the positive contributions of Japanese investors by becoming strategic shareholders of some of Vietnam's major commercial banks.
SBV Governor Le Minh Hung welcomes Mr. Nobiru Adachi – Senior Managing Director, Executive Officer of J Trust Co., Ltd. (Japan)
For his part, Mr. Nobiru Adachi expressed his sincere thanks to Governor Le Minh Hung for his hospitality. The Senior Managing Director, Executive Officer of J Trust Co. Ltd. reported to the SBV Governor on J Trust Co., Ltd. operations and their wish to participate in Vietnam's financial and banking market. J Trust Co., Ltd. is one of Japan's major corporations with the strengths in providing financial services, with emphasis on providing commercial banking services, retail financial services and debt collection services. With these expertise and in-depth experiences in supporting struggling financial institutions in countries like Japan, Korea, Indonesia, etc. J Trust Co., Ltd. expressed its desires to support the restructuring of Vietnam's banking system, contributing to the development of the banking system in particular and the economy in general.
Mr. Nobiru Adachi – Senior Managing Director, Executive Officer of J Trust Co., Ltd. (Japan) expresses his desires to invest in Vietnam
SBV Governor Le Minh Hung assessed that the proposals of J Trust Co., Ltd. are consistent with the orientations of the Government of Vietnam in implementing the Scheme on Restructuring of Credit Institutions in association with the resolution of bad debts for the 2016-2020 period, which encourages foreign investors to actively participate in the restructuring of the banking system. Governor Le Minh Hung affirmed that the SBV would continue to facilitate favorable conditions, provide timely and appropriate support for foreign investors wishing to explore investment opportunities in the banking sector in Vietnam.
VA