On 16 August, BIDV and Export-Import Bank of Thailand (EXIM Thailand) signed a memorandum on mutual business cooperation.

Mr. Tanee Sangrat, Thai Ambassador Extraordinary and Plenipotentiary to Vietnam, Mr. Le Ngoc Lam, senior executive vice president in charge of the Board of Management, Pisit Serewiwattana, CEO of EXIM Thailand and senior executives of the two banks were in attendance.

Under the agreement, BIDV and EXIM Thailand will strengthen cooperation in potential areas such as project finance, customer referral and provision of banking products and services, international payment and trade finance. In particular, in trade finance, the two banks will prioritise each other’s involvement in financing projects, co-financing transactions and providing products and services to projects and customers.

Addressing the ceremony, Mr. Tanee Sangrat expressed his congratulation on the cooperation of the two banks. He hoped that the agreement will effectively realise cooperation transactions between the two parties in the near future.

BIDV is the first Vietnamese bank EXIM Thailand has entered into a memorandum of understanding with.