Lee & Ko Holds Joint Korea-Vietnam Financial Forum in Hanoi

Lee & Ko’s Hanoi office (Representative: Sung Mee Hong) recently hosted a special “Joint Korea-Vietnam Financial Forum” in Hanoi, as a venue for focusing attention on the topic of “Vietnam Banking Restructuring and Resolution of Non-Performing Loans: Current Status and Future Prospects.”

In light of continuing economic growth in Vietnam in recent years, and the Vietnam government’s expressions of an interest and desire to implement financial market reforms, banking institutions in Vietnam are with increasing urgency perceiving a need to develop systemic reforms for the purpose of successfully reforming the financial system and resolving issues relating to non-performing loans. As one of Korea’s leading law firms, Lee & Ko has in-depth knowledge and experience relating to the extensive restructuring and reform process that Korea’s financial system and financial institutions went through in the past. Drawing upon such knowledge and experience, experts from Lee & Ko joined with Vietnamese participants in exploring the pros and cons of related plans that potentially may be adopted in order to constructively pursue successful cooperation and business opportunities between Korean financial institutions and Vietnamese institutions within the broader context of Vietnamese banking and financial system reforms.