Myanmar, Vietnam promote banking cooperation
(VOV) - The Small and Medium Industrial Development Bank (SMIDB) of Myanmar and the Bank for Investment and Development of Vietnam (BIDV) on October 2 committed to boost technical cooperation in banking operations.
Under a technical assistance programme of BIDV, the two banks exchanged delegations in June and September this year, focusing on the application of Corebanking system for the SMIDB’s banking products and services.
The exchange aimed to modernise the information technology (IT) systems and SMIDB banking activities.
BIDV offered an interest-free loan to finance the US$3-4 million cost of the Corebanking software system and to upgrade SMIDB banking operations.