Logo of Phnom Penh Post newspaper Phnom Penh Post - New bank

New bank

New bank

The Bank of Agriculture and Rural Development of Vietnam (Agribank) announced on

July 11 that it will open a Phnom Penh branch within two years.

The announcement came at a launching ceremony for a temporary office in the capital

where they will collect information until a bank branch will be opened.

The bank plans to offer accounts in both US dollars and Vietnamese dong.

Nguyen Thi Kim Phong, deputy governor of the State Bank of Vietnam said Agribank

would strengthen economic cooperation with Cambodia.

Eighteen banks currently operate in the Kingdom.

MOST VIEWED

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not

  • IPU slams government claim

    The president of the Inter-Parliamentary Union (IPU), Gabriela Cuevas Barron, has refuted a claim by the National Assembly that she “highly appreciated the achievements of Cambodia” in its July national elections with a tweet saying “Of course not!” before adding “No congratulations”. A delegation from

  • Conflict lingers on Paris Accords

    As the Kingdom prepares to commemorate on October 23 the 27th anniversary of the signing of the 1991 Paris Peace Accords, which ushered in an end to nearly two decades of civil war, there is political conflict on whether the tenets of the agreement are still being

  • EU agrees VN trade deal despite rights concerns

    The EU on Wednesday agreed to a free-trade agreement (FTA) with Vietnam, a country described as having a “major rights-abusing government”. This comes amid the 28-nation bloc preparing the procedure for a possible withdrawal of Cambodia’s Everything But Arms (EBA) preferential trade agreement on