On 10 July 2018, BIDV signed MOUs with four Japanese banks of the Resona Holdings including Resona Bank Ltd., Saitama Resona Bank, Ltd., Kinki Osaka Bank Ltd. and Kansai Urban Banking Corporation regarding serving Japanese customers in Vietnam. To date, BIDV has entered into 33 MOUs with Japanese banks in this area of cooperation.

Under the MOUs, BIDV and the four banks of the Resona Holdings will cooperate toprovide bankingproducts and services for Japanese companies who are customers of these banks doing business in Vietnam. The two parties will work together to meet the diverse needs of customers for financial and banking products and services such as accounts, deposits, credits, guarantees, domestic and international payments and foreign exchange, amongst others.

 

The two parties will also collaborate to provide information and advisory services to customers regarding Vietnam’s businessand investment climate, local laws for foreign investors in the fields of finance and banking as well as business matching.

 

Resona Bank Limited was established in 1918 and is headquartered in Osaka, Japan. The bank’s total assets and owner’s equity as of 31 March 2017 were USD279.3 billion and USD12.3 billion, respectively. The bank’s network consists of 340 branches in Japan and representative offices in China, Hong Kong, Singapore, Thailand and Vietnam. Resona Bank is Japan’s 9th largest bank, ranking 98 globally by assets.

 

Saitama Resona Bank Limited was established in 2002 and has its headquarters in Saitama, Japan. The bank’s total assets and owner’s equity as of 31 March 2017 were USD124.9 billion and USD3.4 billion respectively and it covers a network of 127 branches. Saitama Resona Bank ranks 15th among banks in Japan and at 180 globally by assets.

 

Kinki Osaka Bank Ltd, established in 1950, is a regional bank headquartered in Osaka. Kinki Osaka Bank’s total assets and owner’s equity as of 31 March 2017 were USD31.8 billion and USD1.4 billion.

 

Kansai Urban Banking Corporation was established in 1922 and is headquartered in Osaka. The bank’s total assets as of 31 March 2017 were USD41.3 billion and it has a network of 140 branches. The bank ranks 50th among banks in Japan.