Qatar National Bank has opened a representative office in Vietnam’s economic hub of Ho Chi Minh City. This will be followed by another one in the capital Hanoi. The opening of the first QNB office in Vietnam comes after the bank received a licence from the State Bank of Vietnam in September 2014. The representative offices will function as a ‘liaison entity to make market research and promotion of investment projects of QNB in Vietnam’, the state bank announced. It will also promote and monitor the implementation of the contracts and agreements signed between the QNB and credit institutions and businesses, and QNB-financed projects in Vietnam, the announcement read.
