RELEASED DATE 15 Oct 2019
Reporting to the Deputy Prime Minister, BIDV Chairman Phan Duc Tu said that BIDV has established its commercial presences in Cambodia in the fields of finance, banking and insurance since 2009 following the policies of the two governments on promoting bilateral investment, trade and tourism. To date, BIDV is the leading Vietnamese financial institution in direct investment activities and financial cooperation in Cambodia.
BIDV's commercial presences in Cambodia have delivered their missions, objectives, and tasks, effectively operating and affirming their position, brand and reputation, contributing to the socio-economic development of Cambodia. Particularly, after 10 years of establishment, the Bank for Investment and Development of Cambodia Plc. (BIDC) has become one of the 10 largest commercial banks in the country with total asset reaching USD795 million.
Addressing the meeting, the Cambodian Deputy Prime Minister spoke highly of the achievements and contributions of BIDV, BIDC and its commercial presences to the Cambodian economy over the past 10 years. H.E. Men Sam An said that the investment activities of Vietnamese enterprises in Cambodia have prospered since the establishment of BIDC and BIDV’s commercial presences. BIDV and BIDC have shown their dynamism and responsibility toward connecting businesses, promoting investment and fostering the relationship between the two countries.
The Cambodian Deputy Prime Minister also acknowledged BIDC and BIDV's commercial presences for their compliance with Cambodian laws, activeness and role modelling in implementing the policies and directions of the Government and relevant agencies in Cambodia. H.E. Madam Men Sam An willed BIDV/BIDC to make further efforts to maintain the leading role among Vietnamese enterprises operating in Cambodia, continuing to act as a bridge in connecting economic, trade and investment activities between the two countries, and always being a reliable address for the people and businesses in Cambodia.
Mr. Le Ngoc Lam, Senior Executive Vice President in charge of the Board of Management of BIDV extended his sincere thanks for the appreciation of the Royal Government of Cambodia as well as Madam Men Sam An for BIDV. Mr. Lam committed that BIDV would continue to enhance the operation of its presences in Cambodia, operate effectively, continuing to affirm its position, brand and reputation, significantly contributing to the development of Cambodia.
As a leading bank in Vietnam with advantages in technology and network as well as experience in successful overseas operation for years, BIDV is committed to continuing to support and promote the investment and cooperation of Vietnamese businesses in Cambodia, contributing to promoting economic, trade and investment cooperation between the two countries.
For further information, please contact:
Branding and Communication - Bank for Investment and Development of Vietnam JSC (BIDV)
Tel: (+84)24. 22205256 - Fax: (+84)24. 22200399