BIDVBank for Investment and Development of Vietnam (est. 1957)
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The MoU means BIDV and Yachiyo Bank will join forces in offering banking services and products for Japanese firms functioning in Vietnam which are Yachiyos customers.
Alongside the establishment of the JV, there is also an exclusive bancassurance distribution agreement between the JV and BIDV.
In a filing to the stock exchange, BIDV said that it will sell the shares between December 15, 2010 and February 15, 2011.
Vietnamese investors in Cambodia include the Viet Nam Military Telecom Corporation (Viettel), BIDV, the Viet Nam Coal and Minerals Corporation (Vinacomin), Viet Nam Airlines and Hoang Anh Gia Lai group.
Explaining the reason for the market craze, Pham Van Thanh Dung, an employee at BIDV Securities, said, ''The Vietnamese are so enthusiastic when it comes to gambling.
BIDV and Russia-based VTB Bank (MCX: VTBR) are involved in a pilot project aimed at arranging payments between Russia and Vietnam in their national currencies.
today announced that BIDV has started accepting JCB card in Vietnam.
ASIA PACIFIC NEW P BIDV Insurance Corporation Bank for Invest & Develop of Vietnam JSC CARIBBEAN AND LATIN AMERICA NEW C Austral Resseguradora S.
22 on Friday, the highest since October 2009, led by bluechips such as gas producer PetroVietNam Gas, lender BIDV and dairy product maker Vinamilk.
Meanwhile, BIDV sees the venture to align with its strategic direction into the life insurance field, complementing its business tradition.
BANKING AND CREDIT NEWS-December 30, 2011--Vietnamese bank BIDV raises USD75m in IPO(C)2011 M2 COMMUNICATIONS http://www.
Russia-based VTB, considered to be the biggest bank in the nation, and Vietnam-based bank BIDV, are to jointly launch a fund.