A Change of Guard

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Sunday 16 May 2010

BIDV opens branch in Cambodia


The Bank for Investment and Development of Vietnam (BIDV) opened its first branch in Cambodia on May 15.

It is called the Vietnamese-invested Bank of Investment and Development of Cambodia (BIDC).

Present at the opening ceremony were Vietnamese deputy Prime Minister Truong Vinh Trong and Cambodian deputy Prime Minister Men Sam On.

BIDC began operations in September 2009 with a charter capital of US$70 million, two months after BIDV announced its presence in Cambodia. After eight months, BIDC has increased its capital to US$150 million.

With BIDV’s well-known trademark, BIDC has quickly gained a firm foothold in Cambodia and aims to link financial markets in Vietnam and Cambodia.

In addition, BIDC provides full financial services to Cambodian businesses and Vietnamese businesses investing in Cambodia.

BIDV also opens representative offices and invests in other projects in Cambodia, such as the Cambodia Investment and Development Company Ltd (IDCC) and the Vietnam-Cambodia Insurance Joint Stock Company (CVI).

3 comments:

Anonymous said...

There are, almost 6 millions illegal Vietnamese inside Cambodia, waiting for a fresh supply from Hanoi, so that they can move up the lather of occupation in business and as well as monopolying Cambodia's economy in a fast speed.
In 20-30 yrs we will be ethenics, refugees and slaves in your own county just like Khmer Krom are facing now.

True Khmer

Anonymous said...

i am with you 1000%. but the leader are khmer but the police,businessmen, lower ranks were yuon. can anybody convince me to like the yuon? i know their are chinese,thai,loas,.... but i am ok with them but when it come to the yuon i want to shoot the olds and the youngs(not them at vietnam but just the one in srok khmer). can anybody explain why i feel this way?

Anonymous said...

11:46 AM, I know you are angry but there is no need to shoot and kill them. If we do this the world will look at us as the barbarians. I think what we need to do is to apply immigration laws and procedures. Check their IDs, documents and immigration status. If they are found to be illegal migrants we can apply our immigration laws and send them back to Vietnam.