Vietnamplus

The Bank for Development and Investment of Vietnam (BIDV) and the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) signed a comprehensive cooperation agreement on September 17 in Hanoi.

As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.

Vietnam has significant room to promote inclusive finance, given 70 percent of its population is living in rural areas and many are locked out of the conventional banking system due to low income, experts have said.

The Bank for Investment and Development of Vietnam (BIDV) has been granted a licence by the Central Bank of Myanmar (CBM) to open a branch in Yangon city.

The Military Commercial Joint Stock Bank (MB) will provide short-term credits worth up to 500 billion VND (22.7 million USD) for the low-cost carrier VietJet Air to buy aircraft.