Vietnamese military bank to open doors today
Vietnam’s Military Commercial Joint-Stock Bank (MB Bank) will open its doors in Phnom Penh today, becoming the fourth Vietnamese bank to set up operations here and bringing the total number of commercial banks in Cambodia to 31. Nguon Sokha, general director of the National Bank of Cambodia (NBC), said that MB Bank had been granted approval to enter Cambodia’s busy banking sector in November after the bank demonstrated it had met the minimum capital requirements of $37.5 million…
