|Chea Chanto, Governor of the National Bank of Cambodia (left) grants operation licence to MGN Emperor Bank.
Om Visal, CEO of MGN Emperor Bank, made the statement during a ceremony held to debut the credit institution in the capital city of Phnom Penh on July 7.
Vu Quang Minh, Vietnamese Ambassador to Cambodia, and Chea Chanto, Governor of the National Bank of Cambodia, attended the event.
Huynh Kim Hao, a Vietnamese-Cambodian businessperson, is the founder and chairwoman of the bank.
Emperor has set a target of growing into a leading digital bank, not just in Cambodia, but throughout the region.
Governor Chanto voiced his high hopes on the future success of Emperor, which could help to further meet the increasing demands of customers for financial products and services, subsequently contributing to overall socio-economic development in Cambodia.
Two-way trade turnover between Vietnam and Cambodia has enjoyed vast growth in recent years. Last year, the bilateral trade amounted to US$4.7 billion in value, an annual rise of 23.5 per cent.
The number of Vietnamese companies eyeing deeper penetration into the Cambodian market is on the rise, which triggers increasing demands for financial transactions.
The debut of Emperor is expected to further facilitate business cooperation among firms from both countries.