The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has recently opened its second foreign branch in Stung Sen, Cambodia’s Kampong Thom province, bringing its branches abroad to three, according to Lao Dong newspaper.

Kamphong Thom province sees the presence of a majority of Vietnamese investors in rubber tree planting in Cambodia.

SHB has been awarded the Best Cross-border Core Banking Project Award for Vietnam in 2012 by the Asian Banker magazine.

Vietnam is now one of the leading foreign investors in Cambodia, with its businesses operating in the fields of telecommunications, banking, rubber tree planting and farm product processing.

In 2012, the two countries’ two-way trade fetched up 3.3 billion USD. The figure for the entire 2013 is estimated at 3.5 billion USD.-VNA