VietinBank provides services for Japanese banks
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has agreed to provide a number of financial services for corporate customers operating in Vietnam of several Japanese banks.
The bank struck a trilateral cooperation agreement on December 15with the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) and two other Japanese partners - Yamanashi Chuo Bank, Ltd (YamanashiBank) and Joyo Bank, Ltd (JoyoBank).
Under the document, VietinBank will provide customers of JoyoBank and YamanashiBank with financial services including information on market, economy, politics and investment in Vietnam.
The Vietnamese bank will offer consultations about authorised agencies’ requirements, advise and arrange requirements related to financial matters such as standby letter of credit, letter of guarantee, and mergers and acquisitions.
It is also expected to introduce potential partners for joint ventures and business as well as provide banking transaction services such as cash management, e-banking, trade support, foreign exchange, fund products, and other capital markets.
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The Vietnamese bank will offer consultations about authorised agencies’ requirements, advise and arrange requirements related to financial matters such as standby letter of credit, letter of guarantee, and mergers and acquisitions.
It is also expected to introduce potential partners for joint ventures and business as well as provide banking transaction services such as cash management, e-banking, trade support, foreign exchange, fund products, and other capital markets.
