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BIDC opens in Hanoi

BIDC opens in Hanoi

THE Bank for Investment and Development of Cambodia has opened a branch in Hanoi, aiming to act as a liaison for financial services between the two countries, according to a statement. The Hanoi branch will acts a liaison for payments, credit provision, and investment consultations, according to BIDC CEO Nguyen Van Hien. BIDC is fully-owned by the Bank for Investment and Development of Vietnam. The latest branch opened with US$15 million in capital. BIDC also operates branches in Ho Chi Minh, Siem Reap, and Phnom Penh.