The Vietnam Prime Minister Mr Nguyen Tan Dung and Australian Prime Minister Mr Kevin Rudd witnessed the presentation of the licence to ANZ Chief Executive Officer, Mr Mike Smith at an official ceremony in Canberra today. The licence was presented by Mr Tran Minh Tuan, Deputy Governor of the State Bank of Vietnam.
Mr Smith said: “Vietnam is one of the countries we have identified as a high priority for growth as part of ANZ’s super regional strategy. The licence allows us to establish an ANZowned bank in Vietnam which will enable us to significantly expand the services we provide in the country.
“I want to thank the Vietnamese Government for giving ANZ this opportunity to contribute to the continuing development of Vietnam.
“I also want to acknowledge the very considerable support we have received from the Australian Government both here in Australia and in Vietnam through the application process,” Mr Smith said.
The Chief Executive Officer of ANZ in Vietnam, Ms Thuy Dam, has been appointed General Manager of the new entity, ANZ Bank Vietnam Ltd. A new head office will be established in Sun City in Hanoi.
ANZ also plans to establish at least four branches and transaction offices in Hanoi and Ho Chi Minh City in coming months with more outlets to follow next year, pending local regulatory approval.
Ms Dam said ANZ aimed to be a top four bank in Vietnam by 2012 through local incorporation and growth in retail and institutional banking.