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Banks needed: PM calls for border bank branches

Banks needed: PM calls for border bank branches

Banks needed
Prime Minister Hun Sen has backed calls for National Bank of Cambodia branches to be built along both sides of Cambodia’s border with Vietnam to make it easier for border-crossers to do business, according to a letter he sent in January.

In the letter, dated January 28 and obtained yesterday, Hun Sen supports a suggestion put forward in writing by Minister of Commerce Cham Prasidh four days earlier.

Prasidh’s letter, also obtained yesterday, tells of Vietnamese officials arresting Cambodians near the border and confiscating large amounts of money.

“Therefore, I have asked the National Bank of Cambodia and private banks to study the possibility of establishing branches along the border to make it easier to settle accounts,”
he wrote.

The emergence of the letters came a day after tycoon Lim Hong Chheang called on the Prime Minister to help Cambodians he claimed had been robbed and thrown in Vietnam jails by corrupt border officials.

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