BIDV, Citibank sign int'l agreement

Hanoi (VNA) - The Bank for Investment and Development of Vietnam (BIDV) on Dec.
15 signed a memorandum of understanding (MoU) with Citibank for international
banking payment services.

The MoU is expected to promote stronger relations between the two banks, and help
the Vietnamese side develop its services in offshore markets.

The two banks have already cooperated in managing money flows, developing capital
and finance markets, sharing risks, providing derivatives and training human
resources.

The same day, another MoU was also inked between the Hanoi-based bank and Thomson
Reuters, under which the two partners will cooperate in providing and using news
services.

Thomson Reuters will provide news and software on managing money transfers, market
risks and professional risks, which would help internationalise banking businesses
of the BIDV.
BIDV's policy and business announcements will be publicised through the
Thomson Reuters network.-Enditem