Cathay United Bank announces expansion of consumer finance in Vietnam

After 18 years of operation in the Vietnamese market, Cathay United Bank (CUB) announced that from this year it will focus on building a digital consumer finance platform and system, expanding consumer finance provision to individual customers. Marking 18 years of operation in Vietnam, in addition to providing financial services to domestic corporate customers and Taiwanese-invested enterprises, Cathay United Bank has now expanded its services to provide financial solutions to individual customers in Vietnam.

Ngân hàng Cathay United Bank công bố mở rộng tài chính tiêu dùng tại Việt Nam- Ảnh 1. — Mr. Benny Miao - Deputy General Director in charge of Southeast Asia region of Cathay United Bank

Mr. Benny Miao - Deputy General Director in charge of Southeast Asia of Cathay United Bank - emphasized: Vietnam has always been an important market for foreign investment organizations. Taiwanese companies have invested heavily in Southeast Asian countries, especially Vietnam, for a long time. Vietnam's attractiveness to foreign investment remains strong, as evidenced by the stable inflow of foreign capital into the country. In addition to Taiwanese companies, there are also large investment flows from Singapore, Hong Kong, Japan and South Korea. Taiwanese companies have been moving into Vietnam to establish production and manufacturing facilities.

CUB looks forward to serving more customers more effectively and actively as its commercial presence in Vietnam becomes increasingly solid. This development and expansion marks an important step forward, providing comprehensive banking activities and a variety of financial solutions designed for all customer segments. The bank has built an exclusive digital consumer finance platform and system and will launch more products and services in Vietnam in the near future. Cathay United Bank aims to become the leading Taiwanese bank in Southeast Asia in digital consumer finance.

Mr. Lu Wei Chieh - General Director of Cathay United Bank Ho Chi Minh City Branch shared: In the past 3 years, the bank's net profit in Vietnam has grown steadily, in parallel with Vietnam's GDP growth. In addition to serving corporate customers, in the next 3 years, CUB will expand its business development in the field of digital consumer finance. In a potential market with more than 100 million people and rapid Internet development, CUB aims to position itself as a multi-functional digital technology bank, specializing in providing optimal products and experiences for users in Vietnam...

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