15:37 | 30/11/2015 Economy
The Bank for Investment and Development of Vietnam (BIDV) has recently put into operation its representative office in Taiwan (China), a step that will enable its access to the international monetary market.
At the opening ceremony of BIDV in Taiwan (China) (Source: BIDV)
The bank established partnerships with over 20 major financial institutions in Taiwan and served more than 200 out of nearly 2,500 Taiwanese businesses which are investing in Vietnam.
The opening of the representative office aims to collect economic information and connect businesses and markets in the context of intensive and extensive international integration trend and herald opportunities brought from Vietnam’s engagement in 15 bilateral and multilateral free trade agreements.
BIDV Chairman Tran Bac Ha said the office will provide policy consultations for Taiwanese investors who are interested in the Vietnamese market and help them seek local partners.
The bank will negotiate to establish an overseas remittance joint venture and is due to to open a sub-bank in Taiwan in the coming time after researching the market, he said.
Along with Taiwan, the BIDV opened representative offices in the Czech Republic, Russia and Laos which have all been operating effectively./.