Viet Nam’s Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and the Export-Import Bank (Eximbank) of Hungary on Nov. 3 signed a cooperation framework contract to support the two countries’ businesses in trade and commercial fields.
Sacombank General Director Le Tan Loc said the cooperation will help the Sacombank provide better services to clients in export-import activities in Hungary and Eastern European countries, particularly enterprises doing business with garment and textile, footwear, seafood and ceramic products.
The Eximbank is a professional financial organisation, mainly providing funds, guarantees and other services for Hungarian export-import businesses. The bank has a statutory capital of 10.1 billion forint (roughly 48.6 million USD).
Meanwhile, Sacombank is now Viet Nam’s largest commercial joint stock bank, with a statutory capital of 1,250 billion VND (roughly 78.2 million USD).
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