Deutsche Bank Boosts Capital Allocation for Ho Chi Minh City Branch to Support Growth in Vietnam

Deutsche Bank Boosts Capital Allocation for Ho Chi Minh City Branch to Support Growth in Vietnam

(IN BRIEF) Deutsche Bank has announced a significant increase in capital allocation for its Ho Chi Minh City branch in Vietnam, raising it by USD 100 million to reach a total of over USD 200 million. The additional capital will support the bank’s growth in Vietnam and enable expanded services for its clients. With a 30-year history in Vietnam, Deutsche Bank has experienced notable success, doubling its revenues in the past two years. The bank offers a range of corporate and investment banking solutions to multinational companies, local corporates, and financial institutions in Vietnam. Its track record includes leading capital markets and structured finance transactions, contributing to the country’s economic development.

(PRESS RELEASE) FRANKFURT, 29-May-2023 — /EuropaWire/ —  Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, has announced an increase in capital allocation for its Ho Chi Minh City branch, adding USD 100 million to bring the total to over USD 200 million. This expanded capital will fuel the bank’s growth in Vietnam and enable it to undertake a broader range of activities for its clients.

With a successful presence in Vietnam for 30 years, Deutsche Bank has played a significant role in driving growth in the ASEAN region since its establishment in 1992. The bank’s operations in Vietnam have become increasingly vital to the success of its Asia Pacific franchise, with revenues doubling over the past two years.

Deutsche Bank offers a comprehensive suite of corporate and investment banking solutions to multinational companies, major local corporates, and financial institutions in Vietnam. These services encompass cash management, foreign exchange, custody, trade finance, corporate finance, and advisory solutions.

Since 2017, Deutsche Bank has annually raised over USD 1 billion in debt, loan, and equity capital for Vietnamese corporates, building a strong track record in leading capital markets and structured finance transactions within the domestic market.

“This capital investment in Vietnam is reflective of our confidence in this market’s rapid development and long-term growth trajectory.” – Alexander von zur Muehlen, Deutsche Bank Asia Pacific CEO and Member of the Management Board. 

“Vietnam is an increasingly strategic market for our clients and therefore an important part of our regional platform. We are proud of the strong local business we have built so far over our decades of experience in this fast-growing market. We look forward to continuing to expand our business here alongside our clients over the years to come,” Alexander von zur Muehlen added.

Deutsche Bank Chief Country Officer for Vietnam Huynh Buu Quang said: “This important investment will further reinforce our broad capabilities and enable us to do even more for our clients. We are very well placed to achieve our long-term goal of becoming the leading foreign bank in Vietnam.”

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SOURCE: Deutsche Bank AG