Photo for illustration (Source: VNA)
Since 2011, MBBank and Metfone, a subsidiary of Viettel, have made an imprint in Cambodia’s finance and banking, and telecommunications sectors. They have also set up strategic cooperation arrangements with partners based on their strengths and experience.
According to MB Bank Director in Cambodia Trinh Duc Cuong, though COVID-19 has impacted Cambodia’s economy, Vietnamese enterprises in various fields have returned to the market with higher levels of investment and professionalism compared to a decade ago.
Meanwhile, Phung Van Cuong, Director of Metfone said the company can achieve its challenging growth target of 7-8 percent this year.
He said that COVID-19 has resulted in travel restrictions, unemployment, and business downsizing, but there will be strong growth in demand for information and communications through technologies and social networks, describing this as a valuable opportunity for Metfone, which has large network coverage in Cambodia’s rural and urban areas.
MB Bank has given top priority to supporting Vietnamese companies conduct business in Cambodia, and has helped Metfone access capital to improve its services and consolidate its position as a leading telecommunications provider in the Cambodian market.
COVID-19 has encouraged Vietnamese companies to adjust their products and services, making them more suitable with customer needs.
Two-way trade of the two countries reached more than 1.33 billion USD in the first two months of this year, up 64 percent year-on-year./.