The award ceremony took place at Ho Guom Theater in Hanoi on 8/1. VNR500, conducted annually by Vietnam Report since 2007, is based on independent evaluations using international standards. It recognizes enterprises that positively contribute to the economy and business community. The 2025 survey results showed many enterprises improved operational efficiency, reflected in revenue, profit, order, and personnel indicators.

In this year's list, Woori Bank is one of only four 100% foreign-owned banks recognized. This marks the bank's first appearance in this ranking, signifying a step forward in its expansion and localization efforts in Vietnam.

Bank representative receiving the award. Photo: Woori Bank

In 4/2024, the bank increased its legal entity charter capital in Vietnam to 12.500 billion VND, making it one of the foreign banks with the largest charter capital in Vietnam. By the end of 2024, the bank recorded total revenue of about 7.500 billion VND, a strong increase year-on-year. This result highlights the bank's strategy to boost localization, enhance the quality of local personnel, and develop a diverse range of financial products and services. The unit also applies advanced technology suitable for the needs of both individual and corporate customers.

To date, Woori Bank has 28 transaction points nationwide, including major cities such as Hanoi, Hai Phong, Da Nang, TP HCM, and Can Tho. The bank employs over 900 staff, with important positions gradually being transferred to Vietnamese employees.

Products are designed to be market-friendly in Vietnam, such as: the Woori VV card series with a multi-field points-back spending mechanism; the Woori WON Vietnam digital banking application integrating many financial utilities like fast transfers, cardless withdrawals, bill payments, bus ticket bookings, and voucher purchases. Unsecured and secured loan products offer competitive interest rates; deposits guarantee Korean study abroad costs. Additionally, the bank organizes many activities to support outstanding foreign direct investment (FDI) enterprises looking to expand into Vietnam, amidst increasingly vibrant economic cooperation between the two countries after the Korea-Vietnam Summit 2025.

Alongside its business values, the unit also implements many social welfare activities. In 2024, the bank donated 2 billion VND through the Central Committee of the Vietnam Fatherland Front to support disaster relief efforts. In 2025, the bank continued to contribute over 400 million VND to areas affected by storms. Additionally, charity programs such as supporting disadvantaged students, improving educational facilities, blood donation, and community activities are regularly implemented.

Mr. Lee Gyu Bong, the bank's head of planning and strategy, receiving the award. Photo: Woori Bank

2025 also marked many changes for Woori Bank Vietnam since Mr. Kim Byung Jin, the bank's new general director, took office. The bank saw advances in total revenue and profit, and gained new customers through integrated marketing and sales strategies. Among these, building a comprehensive digital ecosystem is a key directive from the CEO to anticipate the rapidly digitizing financial trend.

Mr. Kim stated that Woori Bank is approaching its 127th anniversary of establishment in Korea and 28 years of operation in Vietnam. Its inclusion in the top 500 largest enterprises in Vietnam ranking motivates the unit to further expand operations, enhance service quality, and contribute more positively to the market.

Hoang Dan