Business

VietinBank provides services for Japanese banks

VietinBank has agreed to provide a number of financial services for corporate customers operating in Vietnam of several Japanese banks.
VietinBank provides services for Japanese banks ảnh 1Customers at VietinBank (Photo: VNA)
Hanoi (VNA) – The Vietnam JointStock Commercial Bank for Industry and Trade (VietinBank) has agreed to providea number of financial services for corporate customers operating in Vietnam of severalJapanese banks.

The bank struck a trilateral cooperationagreement on December 15with the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) andtwo other Japanese partners - Yamanashi Chuo Bank, Ltd (YamanashiBank) and JoyoBank, Ltd (JoyoBank).

Under the document, VietinBank will providecustomers of JoyoBank and YamanashiBank with financial services includinginformation on market, economy, politics and investment in Vietnam.

The Vietnamese bank will offer consultationsabout authorised agencies’ requirements, advise and arrange requirementsrelated to financial matters such as standby letter of credit, letter ofguarantee, and mergers and acquisitions.

It is also expected to introduce potentialpartners for joint ventures and business as well as provide banking transactionservices such as cash management, e-banking, trade support, foreign exchange,fund products, and other capital markets./.


VNA
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