BNK Busan Bank’s Ho Chi Minh City Branch to support Busan companies’ expansion into Vietnam and return to Korea

[Financial News] BNK Busan Bank is launching specialized financial, administrative and legal support for small and mid-sized companies in Busan seeking to enter Vietnam or return to Korea.
BNK Busan Bank announced on the 12th that its Ho Chi Minh City Branch had signed a three-party business agreement in Vietnam on the 11th with Busan City’s representative trade office in Vietnam and law firm Byeori to support Busan companies’ expansion into Vietnam and return to Korea.
The agreement focuses on easing difficulties companies face when expanding overseas, such as establishing local entities, obtaining permits and licenses, and securing financing, and helping companies wishing to return to Korea resettle stably in Busan.
Under the agreement, BNK Busan Bank’s Ho Chi Minh City Branch will provide financial support, including local banking and foreign exchange consultations, account opening, and assessments of financing options. Busan City’s representative trade office will identify companies eligible for support, provide information on the local market, offer policy and administrative assistance, and connect them with relevant organizations. Law firm Byeori will provide legal consultations on matters such as establishing local entities, obtaining investment registration certificates and enterprise registration certificates, securing various permits and licenses, and contract-related matters.
The three organizations plan to establish a cooperative framework spanning the identification of companies, consultations in different fields, and follow-up support, and to strengthen coordination among the organizations so companies can more easily access the support they need in Vietnam.
They also plan to connect companies considering a return to Korea—not just those expanding into Vietnam—with the consultations and support they need to liquidate local entities and resettle in Korea.
[email protected] Kwon Byeong-seok Reporter