New channel for VN-Cambodia trade exchange makes debut

VGP – The establishment of the Hồ Chí Minh City branch of the Bank for Investment and Development of Cambodia (BIDC) will provide a financial channel for operations of enterprises, especially Vietnamese ones doing business in Cambodia.

December 26, 2009 1:48 PM GMT+7

Vietnamese PM Nguyễn Tấn Dũng (3^rd from right) and Cambodian PM Samdech Hun Sen (3^rdfrom left) cut the inaugural band of the Hồ Chí Minh City branch of the Bank for Investment and Development of Cambodia, Hồ Chí Minh City, December 26, 2009 - Photo: VGP/Nhật Bắc

BIDC inaugurated its branch on Saturday in the witness of Vietnamese PM Nguyễn Tấn Dũng and Cambodian PM Samdech Hun Sen.

This is the first branch opened under BIDC’s operation and development strategy.

The BIDC Hồ Chí Minh City branch will provide a financial channel for operations of enterprises, especially Vietnamese ones doing business in Cambodia, through offering them with financial resources and banking services.

It will also form a link of payment between the two banking systems of Việt Nam and Cambodia.

By Hoàng Phương