The Bank for Investment and Cooperation of Vietnam (BIDV) and four banks of Japan’s Resona Group have signed a cooperation agreement on supporting Japanese firms in Vietnam. 

At the signing ceremony

Accordingly, the BIDV will cooperate with Resona Bank Ltd., Saitama Resona Bank Ltd., Kinki Osaka Bank Ltd., and Kansai Urban Banking Corporation in providing services and products for Japanese businesses operating in Vietnam which are customers of the Japanese banks. 

The services will include opening and managing accounts, deposits, credit granting and warrantee, domestic and international payment, and foreign currency trading. 

In addition, the two sides will also work in providing customers with information and advice related to business and investment environment in Vietnam, as well as Vietnam’s laws for foreign investors in the field of finance and banking, and business matching. 

So far, as many as 33 Japanese banks have signed cooperation agreements with the BIDV in this field.

A primarily state-run bank, BIDV is one Vietnam’s leading commercial banks. It has signed bilateral agreements with thousands of banks and branches in such countries and territories as Russia, the Czech Republic, Taiwan (China), the Republic of Korea, Malaysia, Cambodia, Japan, Laos, and Myanmar.-VNA