Deutsche Bank is expanding its presence in Vietnam with the opening of a new representative office in Hanoi.

The new base will be mainly providing information on Deutsche’s cash management, transaction banking, trade finance and custody services. It will be providing Vietnamese companies with advice on how to efficiently move money, fund trade-related transactions and manage cash flow.

Also announced this month is Deutsche’s acquisition of a 10% stake in the Vietnamese bank Habubank (Hanoi building commercial bank).