Prime Minister Pham Minh Chinh meets with Mr. Jia Haqiao, Chairman of the China Bank (BOC) – Photo: VGP/Nhat Bac |
The Bank of China is the most globalized and integrated bank in the Chinese banking system, with a well-established global service network. It has a presence in mainland China and 64 other countries and territories worldwide. As of the end of 2023, the bank operated over 12,000 branches in China and overseas, employing more than 300,000 people.
In Vietnam, BOC officially opened its branch in Ho Chi Minh City in 1995 and has since been operating as the Bank of China (Hong Kong) – Ho Chi Minh City Branch.
This is the first Chinese bank to be licensed in Vietnam, offering comprehensive financial services such as credit, international payments, trade finance, and foreign exchange.
With its global network and extensive experience, BOC acts as a financial bridge between businesses in the two countries, facilitating bilateral economic cooperation.
Prime Minister proposes that the leading Chinese bank joins the international financial center in Vietnam – Photo: VGP/Nhat Bac |
The bank expresses its desire to strengthen its presence and invest more resources in the Vietnamese market. They are ready to provide comprehensive financial services for large-scale infrastructure projects and promote financial and monetary cooperation between the two countries, including cross-border payments. BOC also aims to contribute to the development of Vietnam’s international financial center.
Prime Minister Pham Minh Chinh appreciates BOC’s activities in Vietnam over the past 30 years and their positive contributions to the country’s socio-economic development. He hopes that BOC will continue to thrive in its business operations and further expand its presence in Vietnam. The Prime Minister also suggests that BOC participate in the restructuring of weak banks in the country.
Vietnam is currently working diligently to finalize the legal framework for its financial center, aiming for breakthrough and excellence while ensuring transparency, safety, and efficiency. The framework will adhere to international standards and include a draft resolution from the National Assembly, offering attractive mechanisms and policies.
The Prime Minister assures that the policies for the international financial center will be very open and invites BOC to share its expertise and help connect with potential partners, investors, and financial experts who can contribute to the establishment, operation, and development of Vietnam’s financial center.
Hai Au
– 18:30 24/06/2025
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