National Australia Bank (NAB) today announced the opening of its new representative office in Vietnam as part of the Bank’s ongoing investment in its capabilities throughout Asia.

“The opening of our new representative office in Vietnam is an important milestone for NAB, and illustrates our ongoing commitment to expanding our presence in Asia to support our customers,” said Daryl Johnson, NAB Asia Chief Executive Officer.

“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.”

Mr Johnson said that the Hanoi representative office is an important part of NAB’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.”

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

NAB 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.