FSC Vice Chairman Kim So-young met with Deputy Governor of the State Bank of Vietnam (SVB) Nguyen Kim Anh and SVB's delegation team on March 30 and held talks on expanding and strengthening bilateral cooperation on financial sector development. During the meeting, Vice Chairman Kim said that Vietnam is one of the three major trading partners for Korea and is second only to China in terms of the number of Korean financial companies it hosts. As Korean banks operating in Vietnam have had great reputation for their successful localization and effective risk management, Vice Chairman Kim sought close cooperation to facilitate a prompt licensing of certain Korean banks that are currently preparing to expand their business in Vietnam.