On June 9, 2021, DEG (the leading European financial institution under KFW Bank Group, Germany) cooperated with HDBank to open the German Desk in Vietnam, the seventh of its kind in the world.

With this cooperation, HDBank became the first bank in Vietnam to open specialized services for German businesses in Vietnam. In addition, this is the third specialized service for foreign businesses, next to "Japanese Desk" and "Chinese/Taiwanese Desk".

The 7th German Desk of DEG in the world located at HDBank Head Office (Ho Chi Minh City, Vietnam) is expected to promote economic and commercial development between businesses of Germany and Europe with partners in Vietnam.

HDBank is DEG's financial institution partner in Vietnam, providing commercial banking solutions for German businesses in Vietnam, as well as Vietnamese companies exporting to Germany and other European countries. Besides, through German Desk, DEG will provide support packages and financial solutions for businesses to borrow capital to expand their business, corporate governance, personnel training, waste reduction, energy efficiency, technology exchange and equipment export and import.

Together with German Desk, Vietnamese and German businesses will benefit from the close relationship between HDBank and DEG to the local business community and European countries as well. Based on strategic cooperation with DEG partner, HDBank's German Desk will help boost trade and investment between Vietnam and German and European enterprises, especially since EVFTA came into effect last year. Together with the Government effort to create an attractive business environment in Vietnam, HDBank affirms its cooperation, competence and service delivery, and further strengthens the confidence of foreign investors.

DEG is a private investment financial institution affiliated to German KFW Bank Group, one of Top 15 members of the European Development Finance Institutions (EDFI). DEG, present in 19 countries, is managing a portfolio worth €8.6 billion, including financial partnerships with large and prestigious private corporations globally.

In September 2020, HDBank issued convertible bonds worth US$30 million to DEG. HDBank's success in mobilizing long-term capital from major institutions in the world such as DEG has affirmed its brand value and reputation in the international market. Along with the prospect of Vietnam's banking industry, HDBank is a leading prestigious brand with a strong and sustainable development capacity that meets the expectations of domestic and foreign investors.