BIDV opens branch in Myanmar

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BIDV opens branch in Myanmar.

The forum initiated by BIDV will take place in Myanmar on July 30 – August 1, aiming to expand cooperation and connect key economic industries like tourism, finance and banking among Cambodia, Laos, Myanmar and Vietnam (CLMV).

Ha Van Sieu, Deputy Director of the Vietnam National Administration of Tourism, said there will be a wide range of activities in the forum’s framework including discussion of measures to boost economic, trade and tourism cooperation among the four countries, expansion of cooperation in banking, a Tourism Ministerial Meeting and signing of cooperation deals among ministries and businesses.

The forum is expected to draw around 500-600 delegates and each country will send in 30 businesses. Hoang Anh Gia Lai Group will also open Melia Yangon Hotel to the public on the occasion. Nguyen Viet Ha, Relationship Manager at BIDV, said BIDV is one of the first 13 foreign banks licenced to set up branches in Myanmar and the first Vietnamese bank to open branch in the country.

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BIDV pledged to help other Vietnamese businesses seek investment and business opportunities in the potential market, he said.