By Ngoc Van
4-traders.com
VGP - After nearly 3 years of operation, the Bank for Investment and Development of Cambodia (BIDC), a subsidiary of the Bank for Investment and Development of Vietnam (BIDV), entered the list of the top five banks in Cambodia.
Addressing the inauguration ceremony of the new head office of BIDC in Phnom Penh on August 13, Mr. Nguyen Van Hien, BIDC General Director said the bank's total asset reaches nearly US$480 million, and its outstanding loans are over US$320 million.
With the establishment of the Phnom Penh branch, BIDC confirms its strong and firm operation in the Cambodian market, contributing its part to boosting the Cambodian economy, he said.
The bank also provides comprehensive financial services for Vietnamese enterprises investing in Cambodia.
It is also a key financial provider for many big Vietnamese-invested projects in Cambodia.
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