Lien Viet Post Commercial Joint Stock Bank signed a co-operation agreement with two Japanese partners Mitsui Knowledge Industry Company Limited (MKI) and Doreming Company in Tokyo on May 18.

Under the agreement, LienVietPostBank will provide human resource management solutions and salary payment through its Vi Viet e-wallets to the two companies’ employees in Viet Nam.

The agreement was a result of eight months of negotiation after the parties demonstrated their pilot products by connecting Vi Viet with Doreming’s human resource management system.

They agreed to not only provide the human resource management solutions and salary payment but also build a product package to develop consumption and micro finance for employees in both Viet Nam and the region.

Speaking at the signing ceremony, Nguyen Dinh Thang, the bank’s chairman of management board, said he believed the cooperation that combines the experience and ability of Japan’s leading firms – MKI and Doreming — which are among the top 100 fintech in the world, and LienVietPostBank’s Vi Viet, the first product in Viet Nam to receive the Asia Pacific ICT Alliance Awards, would be able to meet business demands.

On the sidelines of the signing ceremony, Pham Tien Dung, director of the State Bank of Viet Nam’s Payment Department, and LienVietPostBank chairman Thang met Japanese partners such as Seven Bank, Ogaki Kyoritsu Bank and the Japan Credit Bureau to seek cooperation opportunities in the financial, banking and fintech sector in the future. — VNS