Second Vietnamese bank enters Europe

Bank for Investment and Development of Vietnam (BIDV) has marked its presence in Europe with the opening of a representative office in Czech Republic’s capital Prague last week.

It’s the second Vietnamese bank to have a European branch after Vietnam Bank for Industry and Trade (VietinBank), which has branches in Frankfurt and Berlin in Germany.

According to BIDV, the representative office aims to boost trade and investment relations between the nations, serve as a bridge between BIDV and its Czech customers, tap the potential of the Vietnamese community there, carry out trade promotion activities and study and evaluate cooperation opportunities among enterprises of both nations.

BIDV board member Le Dao Nguyen said this market was full of potential.

“From the Czech Republic, BIDV can expand its business to other Eastern European countries,” he added.

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