JBIC opens representative office in Hanoi
(VOV) -The Japan Bank for International Cooperation (JBIC) has officially opened its first ever representative office in Hanoi after securing approval from the Governor of the State Bank of Vietnam (SBV).
The office, located on the 3rd floor of Sun City Building at No13 Hai Ba Trung Street, Hoan Kiem district, has been granted a five year operating license.
The JBIC rep. office is authorised to conduct market surveys, monitor the implementation of contracts signed between JBIC and Vietnamese credit organizations, and promote investment cooperation projects with local partners.
At present, JBIC is coordinating closely with many Vietnamese banks, such as the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and the Bank for Investment and Development of Vietnam (BIDV), in its bid to provide financial assistance to Japanese firms in Vietnam.