On December 6, 2019 at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Thi Hong had a meeting with Mr. Tan Sri Dato’ Sri Tay Ah Lek, Chief Executive Officer (CEO) of Public Bank Berhad Malaysia.
At the meeting, Mr.Tan Sri Dato’ Sri Tay Ah Lek briefed SBV Deputy Governor Nguyen Thi Hong of the operational results of Public Bank Berhad Malaysia and its business plan for 2020, as well as ít plan of providing services for consumers and the business community in Vietnam. Moreover, the CEO of Public Bank Berhad Malaysia also thanked the SBV for having supported and facilitated the operations and development of Public Bank Berhad Malaysia in Vietnam during the last 27 years.
Deputy Governor Nguyen Thi Hong spoke highly of the role of Public Bank Berhad Malaysia, one of the largest banks in Southeast Asia, as well as Public Bank Vietnam Ltd. (PBVN), which is a wholly foreign owned bank belonging to Public Bank Berhad Malaysia, which has expanded its operational network with one head office, 12 branches and 6 transaction offices in Vietnam (5 branches and 3 transaction offices will come into operations in 2020).
With its long-term operations in Vietnam, its experience in promoting retail banking and remarkable awards from the SBV, Deputy Governor Nguyen Thi Hong had very high evaluation for the efforts of PBVN in accomplishing its tasks and contributing greatly to the development of Vietnam’s banking sector through the provision of diversified banking products and services to the commercial and investment activities, as well as for its active participation in the social protection in Vietnam.
An overview of the meeting
The SBV Deputy Governor also applauded PBVN’s orientations of focusing on retail markets and sponsoring SMEs in the coming time, and shared that the SBV would continue to support the operations and development of Public Bank Berhad Malaysia in Vietnam. She hoped that PBVN would maintain its growth rate and operate effectively, provide diversified products and services in line with the customers’ demands; promote its role in connecting Malaysian and other ASEAN enterprises with Vietnam’s business community, thereby contributing to the socio-economic development of the two countries in the context that the two countries are both among the most active members of ASEAN, as well as active participants in the ASEAN and ASEAN+3 financial integration processes.
The CEO of Public Bank Berhad Malaysia expressed his thanks to the SBV Deputy Governor for her hospitality and re-affirmed the commitment to operating with the long-term visions in Vietnam.