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Banking & Finance

BIDV and VNPT come together

Released at: 18:29, 31/03/2016

BIDV and VNPT come together

Two sign long-term agreement for mutual benefit.

by Hung Nguyen

The Bank for Investment and Development of Vietnam (BIDV) and the Vietnam Post and Telecommunications Group (VNPT) have signed a comprehensive strategic cooperation agreement for the 2016-2020 period.

The two will cooperate closely to benefit from each other’s advantages for long-term stability.

BIDV will arrange capital of up to VND25 trillion ($1.12 billion) for the projects of VNPT and its subsidiaries and provide related banking and finance services.

Mr. Phan Duc Tu, General Director of BIDV, said it views VNPT as a strategic, important, and long-term partner. The bank commits to maximizing all its advantages to facilitate the business activities of both sides.

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