The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reached a cooperation agreement with the Japan Finance Corporation (JFC), becoming the first and only bank in Vietnam to be selected as JFC’s partner.

Under the agreement, JFC will introduce VietinBank’s services to small and medium-sized Japanese enterprises and issue Standby Letters of Credit to guarantee their loans at VietinBank.

The two sides also agreed to promote information exchange, as well as introduce potential partners and clients to each other.-VNA