Vietnam central bank honours Public Bank founder
KUALA LUMPUR: The State Bank of Vietnam has awarded Public Bank Bhd founder and chairman Tan Sri Teh Hong Piow the “Medal for the Development of Vietnam Banking Industry”.
He is the first foreign banker to be awarded the title, which comes with a medal and certificate signed by State Bank of Vietnam governor Le Minh Hung.
Teh has received 47 awards in recognition of his commitment to excellence and lifetime dedication to the banking industry in Asia.
“I’m honoured to be bestowed with this medal. I wish to record our gratitude to the State Bank of Vietnam and the people of Vietnam for their trust in us to be a partner in the nation’s development and progress especially in the banking industry,” he said in a statement yesterday.
“Since its inception in 1992, Public Bank Vietnam, then known as VID Public Bank, was one of the first joint-venture banks that has journeyed along with the development of the country. A year ago, we created another significant milestone when we were granted a 100 per cent foreign-owned bank licence,” he added.
There are seven Public Bank branches in Vietnam.
The Bank for Investment and Development of Vietnam and Public Bank Bhd held equal stakes in Public Bank Vietnam.