Deutsche Bank increases investment in Vietnam

Deutsche Bank has unveiled plans to increase the capital allocation of its Ho Chi Minh City branch in Vietnam by USD 100 million, bringing the total investment to over USD 200 million. This move aims to support the bank’s expansion in the country and facilitate enhanced services for its clientele.

Having established its presence in Vietnam in 1992, Deutsche Bank boasts a proud 30-year history in the nation. Vietnam is a pivotal growth driver for the ASEAN region, and the bank’s operations in the country have played an increasingly significant role in the success of its Asia Pacific franchise. Over the past two years, the bank has witnessed a doubling of its revenues in Vietnam.

Deutsche Bank offers a comprehensive range of corporate and investment banking solutions to multinational corporations, large local enterprises, and financial institutions in Vietnam. These services encompass cash management, foreign exchange, custody, trade finance, corporate finance, and advisory solutions.

In recent years, Deutsche Bank has consistently raised over USD 1 billion annually in debt, loan, and equity capital for Vietnamese corporates. The bank has established a strong track record in leading notable capital markets and structured finance transactions within the domestic market.

This substantial capital investment in Vietnam reflects the bank’s confidence in the country’s rapid development and long-term growth prospects. Alexander von zur Muehlen, CEO of Deutsche Bank Asia Pacific and Member of the Management Board, emphasised the strategic importance of Vietnam for clients and highlighted the bank’s commitment to expanding its presence alongside its clients in the years to come.

Deutsche Bank’s Chief Country Officer for Vietnam, Huynh Buu Quang, expressed enthusiasm about the investment, stating that it will bolster the bank’s capabilities and enable it to deliver even more value to its clients. Buu Quang also expressed confidence in the bank’s ability to achieve its long-term objective of becoming the leading foreign bank in Vietnam.

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