Golden Bridge Capital announced Thursday that the company has received the Vietnamese central bank’s approval to establish its representative office in Ho Chi Minh City.

Since 2006 when Golden Bridge Vietnam was established as a holding company in 2006, Golden Bridge Finance Group has been gradually expanding its business in Vietnam, launching Golden Bridge Asset Management’s office the next year. Golden Bridge Investment ? Securities entered the Vietnamese market by acquiring Click ? Phone Securities.

“Vietnam’s credit financing market is in its early stage focusing on leasing, but has been growing rapidly for the past few years based on industrialization,” said Moon Goo-sang, representative of Golden Bridge Vietnam. “The credit industry has potential to be developed as far as Vietnam’s high economic growth is continued.”  (Korea times)