The Hồ Chí Minh City Development Joint Stock Commercial Bank, HDBank, on 18 December 2019 opened a representative office in Myanmar and signed a comprehensive co-operation agreement with Viettel Global Investment JSC, which are expected to help promote economic growth, trade and investment.The inauguration of the office took place in the presence of Prime Minister Nguyễn Xuân Phúc, State Bank of Vietnam governor Lê Minh Hưng, Central Bank of Myanmar governor Kyaw Kyaw Maung and other many senior officials from the two countries.

Vietnamese commercial banks have always been supported and facilitated by the Government, the central bank and other relevant agencies of Myanmar, and the presence of HDBank, the fourth Vietnamese bank in Myanmar, is a clear demonstration of that spirit of co-operation. HDBank’s expansion into Myanmar in line with the integration policy of the Government of Việt Nam, and consider this is a strategic step by HDBank in a potential market that is on its way to integrating into the ASEAN and world economy.

Viettel Global will support HDBank and its partners and customers in terms of telecom services and IT solutions, create convenient conditions for the bank to participate in its telecom projects and co-operate with it for domestic and international payment services. HDBank will offer credit services, deposit products and other banking services to Viettel Global, its staff and customers.In recent years HDBank has made strong efforts to expand domestic market share and meet the requirements of international integration.It has always been proactive in adopting international best practices in banking management and modern technology in all aspects of business and management.

Source: Việt Nam News

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