AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 24 July 2013, the Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding with Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) to support the activities of Japanese SMEs.
The BIDV and the JBIC will work for a more active collaboration to support business expansion into Viet Nam of Japanese SMEs that have a business relation with Japanese financial institutions. Furthermore, the Vietnamese Bank will create a Japan desk for the support of Japanese enterprises.
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.
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