HDBank, Petechim sign strategic deal

The National Petrol Export-Import Corporation, or Petechim, has become a strategic customer of the HCM City Development Joint Stock Bank, getting access to loans on preferential bases and services at low rates.

Following a deal they signed recently, the bank will in turn become preferred choice of service provider for currency management, international payment, e-banking, bill payment, and others for Petechim, its group companies, and all their employees.

They will also join hands to explore investment opportunities in future.

On August 13 HDBank was permitted by the State Bank of Viet Nam to increase its credit growth to 30 per cent this year, meaning its outstanding loans can rise to VND23.115 trillion (US$1.11 billion) by year-end.

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