National Australia Bank opens first representative office in Vietnam

The move marks a milestone in the bank’s development as it illustrates the bank’s ongoing commitment to expanding the presence in Asia to support customers.

Flows of trade, people and capital between Asia, Australia and New Zealand have grown exponentially over recent years, at around 15 per cent per annum, and are showing no signs of abating. This presents huge opportunities for Australian and New Zealand business in Asia.

“As Australia’s leading business bank we are committed to helping our customers respond to the opportunities on offer in Asia, and supporting them as they expand into new markets,” said Daryl Johnson, Asia chief executive officer of National Australia Bank.

Johnson also said that the Hanoi representative office is an important part of National Australia Bank’s strategic approach to support business customers in the Asian region.

“As Australia’s leading business bank, we have strong expertise in the infrastructure, energy and utilities and agribusiness sectors which will be key areas of focus in Vietnam. Our new representative office is a great first step to support our customers with commerce, trade and investment links to Vietnam,” he underscored.

The Hanoi representative office will be managed by Thuy Dam, who brings extensive banking experience in both Australia and Vietnam to the business.

The bank currently has more than 500 people in Asia supporting customers and offering a range of services including trade finance, relationship banking, working capital and markets solutions.

National Australia Bank Group is a financial services organisation with over 12 million customers and 42,000 people, operating more than 1,800 stores and service centres globally.