The Bank for Investment and Development of Cambodia (BIDC) has opened its first branch in Hanoi with a capital of US$15 million.
Established in September 2009, with 100% capital from Vietnam, BIDC is the economic and trade bridge between Vietnamese and Cambodian businesses. BIDV will help boost financial trade between Vietnam and Cambodia.
BIDV has its head office in Phnom Penh, Cambodia and four branches in Phnom Penh, Siem Riep, Ho Chi Minh City and Hanoi.
BIDV ranks as the top five banks of Cambodia and expects to raise a capital of $1 billion in the coming years.