HDBank Opens Myanmar Rep Office

11:41:37 AM | 27/12/2019

The opening of the Myanmar Representative Office took place during the official visit to Myanmar by Prime Minister Nguyen Xuan Phuc.

On December 18, within the framework of the official visit to Myanmar by Prime Minister Nguyen Xuan Phuc, HDBank opened the first representative office in Yangoon and signed a comprehensive cooperation agreement with Viettel Global Investment Joint Stock Company, a move said to help promote economic growth, trade and investment between the two countries.

The event was witnessed by Prime Minister Phuc, SBV Governor Le Minh Hung, high-ranking officials of Vietnam, Governor of the Central Bank of Myanmar Kyaw Kyaw Maung and senior officials of Myanmar.

The event marked an important milestone in HDBank's plan to reach the world market. This is also its first office in foreign countries and a focal point to promote investment and transaction activities; conduct negotiations, transactions and supports for customers; introduce its customers to banking networks in Myanmar; support supervising foreign loans provided by HDBank; and serve as an important bridge for its business partners to establish business and investment relations in Myanmar. Thus, this will effectively and practically help investment and trade activities of Vietnam and Myanmar and facilitate the growth of the two business communities in addition to branding HDBank in the international market.

On this occasion, HDBank also officially signed a comprehensive cooperation agreement with Viettel Global, including cooperation deals concerning investment projects in Myanmar. This pact will help both sides utilize and promote their business strengths, and provide various convenient services for customers in such areas as credit, deposit and banking products and services as well as telecom and information technology services.

Viettel Global will provide maximum support for HDBank and its partners, customers of telecommunications services and information technology solutions; assist HDBank to take part in telecom projects where Viettel Global is the investor; cooperate with HDBank in domestic and international payment services. On the contrary, HDBank will cater most support and preferential credit, deposit and banking products and services to Viettel Global, its employees and its customers.

LP (Vietnam Business Forum)