BIDV opens branch in Cambodia

The Bank for Investment and Development of Viet Nam (BIDV) opened its first branch in Cambodia last Saturday in the presence of Vietnamese Deputy Prime Minister Truong Vinh Trong and his Cambodian counterpart Men Sam On.

The Vietnamese-invested Bank for Investment and Development of Cambodia, (BIDC) with a charter capital of US$70 million, is the second largest of its kind in Cambodia.

It began operation in September last year, two months after the BIDV announced its presence in Cambodia. After eight months, the BIDC has increased its capital to $150 million.

Source: Vietnam News Daily

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