Thailand
Vietnam: BIDV to help boost Vietnamese investment
Vietnam: BIDV to help boost Vietnamese investment
Monday, 04 July 2016 – Bank for Investment and Development of Vietnam (BIDV) is planning to boost Vietnamese investment into Myanmar once its new branch starts operating later this month, the bank officials said.
“As soon as the bank’s branch has been launched Vietnamese investment and trade will increase significantly,” chief executive officer Mr Dang Hai Nha told The Myanmar Times. “We are ready now to serve our customers here.”
The Myanmar Investment Commission approved US$175 million in foreign investment from Vietnam in the 2014-15 fiscal year – $10 million higher than from Thailand.
Bilateral trade between Vietnam and Myanmar grew roughly 25 percent year by year from 2010 to 2015 – reaching $435 million in 2015, according to a BIDV press release. Read More?