January 19, 2009
Nhan Dan- The National Bank of Cambodia has granted a license to the Saigon Thuong Tin Commercial Joint-Stock Bank (Sacombank) to open its branch in Phnom Penh, becoming the first Vietnamese commercial bank to have its branch in Cambodia.
Sacombank's Cambodia branch is scheduled to start operation in June 2009.
The inauguration of Sacombank's branch in Cambodia is expected to promote Vietnamese investment into Cambodia and boost bilateral trade between the two countries.
Nhan Dan- The National Bank of Cambodia has granted a license to the Saigon Thuong Tin Commercial Joint-Stock Bank (Sacombank) to open its branch in Phnom Penh, becoming the first Vietnamese commercial bank to have its branch in Cambodia.
Sacombank's Cambodia branch is scheduled to start operation in June 2009.
The inauguration of Sacombank's branch in Cambodia is expected to promote Vietnamese investment into Cambodia and boost bilateral trade between the two countries.
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