The move is in response to an increase in the number of customers from Taiwan, some of whom are positioning themselves to invest in Vietnam ahead of its imminent entry into the ASEAN Economic Community.
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"The number of customers that we have from Taiwan is growing, and we hope to facilitate communication with them by opening a representative office there," said BIDV President Tran Bac Ha.
President Ha said the bank hopes to open the office by the end of November and inaugurate a branch bank within 3-5 years.
