Vietnam's Military Commercial Joint Stock Bank and Bordier & Cie (Singapore) Ltd. signed an agreement to collaborate on a private banking service for the Vietnamese market.

The collaboration will help Military Bank establish wealth management units across the country, according to an Oct. 8 release.

Bordier will also share with the Vietnamese lender best practices, processes and training in their Singapore and Geneva offices.

Bordier & Cie (Singapore) is a unit of Swiss private bank Bordier & Cie.