BIDV to open in Phnom Penh

24 December 2013
The Cambodia Herald
Banking and financial services / Economic policy and administration / Economy and commerce / Government / International relations
Bank for Investment and Development of Cambodia / Bank for Investment and Development of Viet Nam / BIDC / BIDV

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. … The new branch is also expected to meet local demand and boost the development of trade and investment ties between Vietnam and Cambodia. In 2013, the Cambodia economy has been forecast to maintain its growth of over 7 per cent. As of September, Vietnam had 126 projects, valued at $3 billion, in Cambodia. Two-way trade is expected to hit $3.5 billion this year. …

 The Cambodia Herald News Staff
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