The State Bank of Vietnam (SBV) issued License No. 18/GP-NHNN on January 11 to permit the JB Woori Capital Co.,Ltd. to establish its representative office with the operational duration of five years in Hanoi.
Accordingly, the representative office will function as an office of liaison to make market research and promotion of investment projects of JB Woori Capital Co.,Ltd.; promote and monitor the implementation of the contracts and agreements signed among the JB Woori Capital Co.,Ltd and Vietnamese credit institutions and businesses, and the JB Woori Capital Co.,Ltd - financed projects in Vietnam; other operations in compliance with Vietnamese laws.
The representative office of the JB Woori Capital Co.,Ltd in Hanoi is required to comply with Vietnamese law.
The Licence took effect on the date of signing.