BaoViet Signs Cooperation Deal with Japan’s Shinsei Bank

Baoviet Holdings (BVH) announced on November 24 that it has signed a General Agreement on Business Cooperation with Shinsei Bank Limited, a leading Japanese financial institution. The alliance gives Baoviet access to Shinsei’s institutional customers who want to do business in the Vietnamese market, expanding Baoviet’s customer base and revenue opportunities.

 

The scope of the comprehensive business cooperation between Baoviet and Shinsei covers business matching, institutional lending and trade finance-related business, advisory and the provision of fund management products.

 

Specifically, the alliance includes the following areas: Baoviet will work with Shinsei to provide high quality services and information to Japanese companies planning to enter the Vietnamese market, including support for joint ventures and business alliances with local companies, and assistance in setting up factories and other facilities, and with local financing and fund management needs; and Shinsei will work with Baoviet to further develop its business, including sharing expertise in financial technology and offering recommendations for improvements in institutional and retail banking operations.