The Bank for Development and Investment of Vietnam (BIDV) and the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) signed a comprehensive cooperation agreement on September 17 in Hanoi.

BIDV and KBIZ-VN sign a comprehensive cooperation agreement
(Photo courtesy of BIDV)

Under the agreement, BIDV will provide favourable conditions for KBIZ-VN to participate in conferences and events held by the bank, thus attracting RoK businesses to invest in Vietnam. The Vietnamese bank will also work with KBIZ-VN in advertising banking products and services as well as developing new ones suitable for RoK firms.

In addition, the bank will provide legal consultancy service, merger and acquisition advice and connecting industrial parks and processing zones in Vietnam for KBIZ-VN’s members and partners.

KBIZ-VN will facilitate BIDV in meeting with RoK enterprises as well as providing information of its investors in Vietnam.

KBIZ-VN has nearly 3.55 million member companies worldwide. Of which, it connects more than 2,000 members out of some 8,000 RoK firms operating in Vietnam.