VietinBank plans to work with JFC on services

The Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reached a co-operation agreement with the Japan Finance Corporation (JFC), becoming the first and only bank in Viet Nam to be selected as JFC's partner.

Under the agreement, the JFC will introduce VietinBank's services to small- and medium-d Japanese enterprises and issue Stand-by Letters of Credit to guarantee their loans at VietinBank.

The two sides also agreed to promote information exchange, as well as introduce potential partners and clients to each other.

vietnamnews

>   Lending jumps 2.3 per cent (28/05/2013)

>   Yen devaluation troubles exporters (27/05/2013)

>   Big open-end funds still keep away from Vietnam (27/05/2013)

>   Bad debt causes bank shares to lose lustre (26/05/2013)

>   TrustBank approved to rename (26/05/2013)

>   Little growth in bank capital, assets during first quarter (26/05/2013)

>   VN set to embrace mobile banking (26/05/2013)

>   SBV overhasty in loosening monetary policy? (24/05/2013)

>   Trillions of dong worth of capital left unused, wasted (23/05/2013)

>   State Audit reports on SBV performance in 2011 (23/05/2013)