Society

Vietnamese bank supports welfare in Cambodia

The Bank for Investment and Development of Cambodia (BIDC), a subsidiary of the Bank for Investment and Development of Vietnam (BIDV) has spent millions of US dollars to help disadvantaged people in Cambodia, according to Nguyen Dinh Duong Director General of the Bank.
The Bank for Investment and Development of Cambodia (BIDC), a subsidiaryof the Bank for Investment and Development of Vietnam (BIDV) has spentmillions of US dollars to help disadvantaged people in Cambodia,according to Nguyen Dinh Duong Director General of the Bank.

It has actively participated in local social welfare programmes toease difficulties facing impoverished Cambodians and developedfacilities to enhance their living conditions, Duong said.

Dozens of staff and units of the BIDC and the BIDV were recentlyhonoured with the Royal Orders of Cambodia for their outstandingcontributions to the socio-economic development of the country, as wellas the consolidation of the two nations’ traditional friendship andcooperation.

In the last five months, the BIDC has recorded a 27 percent growth from the same period last year.

In the past six years since its establishment, the bank has seen anannual growth rate between 20-25 percent, making it among the top sixmost efficient and financially capable banks in Cambodia.-VNA
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