Vietnamese, Japanese banks sign technical service contract
Vietnam’s Export-Import Commercial Joint Stock Bank (Eximbank) signed a technical service contract with Japan’s world-leading Sumitomo Mitsui Bank (SMBC).
Vietnam’s Export-Import CommercialJoint Stock Bank (Eximbank) signed a technical service contract withJapan’s world-leading Sumitomo Mitsui Bank (SMBC).
Under the contract, the SMBC will share experiences with Eximbank inmodern banking management, provide advanced technology, help create asustainable development strategy, and promote the application ofinformation technology and security systems, thus improving the bank’scompetitiveness in the local market.
The contract will help Eximbank implement its development strategy andfacilitate the expansion of the banks retail and business bankingservices, along with enhancing risk management, corporate management,and information technology, as well as providing training atinternational-standards, said Truong Van Phuoc, Eximbank GeneralDirector.
According to the bank’s chief, the Vietnamese banking sector needs toaccess modern methods of management to further its integration into theworld economy.
Eximbank has been given the green light to raising its charteredcapital to 8.8 trillion VND (nearly 500 million USD), becoming one ofVietnam’s largest chartered capital banks.
The bank is networked with 720 banking agencies in 65 countries worldwide./.
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