The Bank for Investment and Development of Cambodia (BIDC) opens its Ho Chi Minh City branch on December 26 in the presence of Vietnamese and Cambodian Prime Ministers Nguyen Tan Dung and Hun Sen (Photo: VNA)
Cambodian PM honours bank opening in HCM City
Sunday ,Dec 27,2009
VNA (Hanoi)
The Bank for Investment and Development of Cambodia (BIDC) opened its Ho Chi Minh City branch on December 26 in the presence of Vietnamese and Cambodian Prime Ministers Nguyen Tan Dung and Hun Sen.
This is the first branch of the BIDC’s expansion strategy to generate a major financial source for Vietnamese investors and businesses operational in Cambodia.
The Phnom Penh-headquartered BIDC was put into operation on July 26 with the charter capital fuelled by the Bank for Investment and Development of Vietnam (BIDV).
BIDC President Tran Thanh Van said at the opening ceremony that the new branch is expected to successfully serve as a payment channel to connect two economies and banking systems in the two countries.
He pledged to lead the BIDC and its HCM City branch to a great success and abide by the two countries’ law, thus boosting trade and investment relations between the business circles and residents from the two countries.
Hun Sen was in Vietnam’s southern economic hub to co-chair with his Vietnamese counterpart, Nguyen Tan Dung, a conference to promote investment between the two neighbouring countries.
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