LienViet Bank to expand growth

LienViet Bank on May 5 signed an agreement to take part in the Global Trade Finance Programme with the International Finance Corporation (IFC), in the framework of the Asian Development Bank (ADB) annual meeting.

Under the terms of the agreement, LienViet Bank will receive a total guarantee worth up to 5 million USD and have a chance to cooperate with more than 400 major banks in the region as well as in the world.

Trade support through the programme will be carried out under letters of credits (LC) including import LC and standby LC, guarantees and bills of exchange/notes.

Speaking at the signing ceremony, LienViet Bank Deputy General Director, Nguyen Thi Thanh Son said the programme not only supplies the bank with more capital but also helps it enlarge capacity to support customers with import and export activities. Additionally, LienViet also receives technological support from IFC and widen relations with sub-agency banks, thus helping LienViet to make further steps onto the international market.

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