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Sacombank partners with 3 Japanese banks

Saigon ThuongTin Commercial Joint Stock Bank, or Sacombank, will partner withthree Japanese banks to offer banking services for its customers in Vietnam,Japan and other countries, Viet Nam News reportedMay 4.

The Vietnamese lender signed a memorandum of understandingwith Resona BankLtd., Kinki OsakaBank Ltd. and SaitamaResona Bank Ltd.

The agreement will also facilitate cooperation between thebanks in offering loans, currency transfer and financial services for Japaneseclients in Vietnam.