Hanoi, 17 October 2016 - The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and The Yachiyo Bank (Japan) signed a memorandum of understanding (MOU) on cooperation to support Japanese firms doing business in Vietnam. This is the 26th Japanese banks BIDV signed MOUs with in this field.

 

​Under the MOU, BIDV and Yachiyo Bank will cooperate to provide banking services and products to Japanese companies which are Yachiyo’s customers doing business in Vietnam. The two banks will coordinate to meet the needs of their customers for various financial and banking products and services including account opening and management, deposits, loans, guarantees, domestic and international payment, currency trading and derivatives.

In addition, the two banks will cooperate to provide support and consultancy to customers on business and investment environment in Vietnam, and Vietnamese laws for foreign investors in the fields of banking and finance, business matching, etc.

About The Yachiyo Bank:

The Yachiyo Bank, Limited, established on 6 December 1924, is a regional bank headquartered in Tokyo, Japan. The Yachiyo Bank’s total assets and owner’s equity as of 31 March 2016 were USD20.7 billion and USD987 million, respectively with a network of 84 branches. The Yachiyo Bank is the 87th largest bank in Japan and ranked 694th in the world by assets as of 31 March 2014.

About BIDV

BIDV, primarily state-run, is Vietnam’s leading commercial bank. The bank’s total assets as of 30 June 2016 stood at VND930,500 billion (approx. USD42.5 billion), ranking number one among joint stock commercial banks in Vietnam. BIDV operates in various fields including banking, insurance, securities, investment, etc. with a network of more than 1,000 branches and transaction points across Vietnam, in addition to representative offices and commercial presences in foreign countries. BIDV established partnership with more than 1,700 banks and bank branches in 122 countries and territories.

For more information, please contact:

Financial Institutions

Tel: +84.4.2220 5544 (Ext: 6835).

Email: bandctc@bidv.com.vn

Website: www.bidv.com.vn