On 2nd October 2012, Agricultural Bank of China (Herein after referred to as ABC) was authorized by the State Bank of Vietnam to establish a representative office in Hanoi. The Hanoi Representative Office held its grand opening on November 28, 2012. Hanoi Representative Office is the second overseas institution established by ABC in Southeast Asia, and is the first overseas institution of ABC in developing country. The establishment of Hanoi Representative Office manifests an important step of ABC in penetrating Asian markets and strengthening presence in emerging countries.
The opening of Hanoi Representative Office will boost communication and business cooperation between ABC and local financial institutions, enhance the ability of serving Chinese and Vietnamese clients, and further promote the development of Sino-Vietnam trade and investment.