The Bank of Investment and Development of Vietnam (BIDV) has signed a Memorandum of Understanding (MoU) on strategic partnership with Japan’s giant Sumitomo Mitsui Trust Bank (SuMi TRUST).

The MoU was inked during Prime Minister Nguyen Tan Dung’s official visit to Japan from December 12-15.

The pact aims to build a strategic cooperation mechanism between BIDV and SuMi TRUST, which are among the leading ones in Vietnam and Japan, in the fields of commercial banking, credit and property management, as well as training and experience exchange.

On the occasion, BIDV also signed other memoranda of understanding with the Vietnam- Japan Business Association (VJBA) and the Vietnam Economic Research Institute (VERI) in Japan to boost trade-investment, tourism and research cooperation, contributing to lifting the comprehensive strategic cooperation between the two countries to a new height.-VNA