Shinkin Central Bank will open a representative office in Ho Chi Minh City in southern Vietnam on May 1. It will be the bank’s first new overseas representative office in 13 years, since it established a base in Bangkok in 2012.
The Ho Chi Minh City office will be located in Tower 1 of Saigon Centre, a mixed-use complex in the city center. It is near the Opera House Station on Metro Line 1, offering convenient access. The surrounding area has many office buildings and commercial facilities, making it suitable for market research by client companies considering expansion into Vietnam.
Soichi Ogasawara will head the office. Operations will start with four staff: one Japanese representative and two local staff members, in addition to Ogasawara. The office will support Shinkin credit union client companies with entry into Vietnam and local assistance, fundraising, sales channel expansion, use of foreign talent, and training programs for credit union employees.
Shinkin Central Bank said the number of credit union client companies operating in Vietnam had surpassed 500 as of October 2025. The bank has also seconded an employee to the Japan Desk at the Bank for Investment and Development of Vietnam, or BIDV, in the capital, Hanoi, and will support clients through its two bases in Ho Chi Minh City and Hanoi.
* This article has been translated by AI.
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