Viet­nam cen­tral bank hon­ours Pub­lic Bank founder

New Straits Times - - Business -

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.

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