Representatives from Sacombank and Japanese counterparts at the signing ceremony. — Photo VNA

HA NOI (Biz Hub) – Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) will work with three Japanese counterparts including Resona Bank Ltd, Saitama Resona Bank Ltd and The Kinki Osaka Bank Ltd to provide banking services for Sacombank's customers in Viet Nam, Japan and other countries the bank operates in.

The consensus followed a Memorandum of Understanding (MoU) inked by the four banks in HCM City on Wednesday. The MoU will also facilitate co-operation between the sides in offering loans, currency transfer, international payments as well as financial services for Japanese clients in Viet Nam.

Viet Nam has become a popular destination for Japanese companies to expand their businesses, said Kazuhiro Higashi, chairman of Japanese Resona Holdings, the mother company of the three above-mentioned banks.

The number of Japanese firms which required investment consultancy in Viet Nam has increased year-by-year, he said.

Resona Holdings is the fourth largest financial group in Japan with total assets reaching 46 trillion yen. — VNS