Vietnamese flagship bank MBCambodia is cementing its position as a leading financial institution in Cambodia by signing a Memorandum of Understanding (MoU) with leading telecommunications company Metfone to strengthen services.

On February 25, the two leading Vietnamese businesses that have been operating in Cambodia for more than a decade signed a MoU outlining a series of missions to strengthen business operations and the services offered and delivered to customers. The event was witnessed by H.E. Nguyen Huy Tang, Ambassador of Vietnam to the Kingdom of Cambodia. 

The objective of the MoU is to tighten business relations between the two companies based on the advantages and strengths of each party in increasing the convenience through cutting-edge technology on banking services to customers through the digital platform. 

H.E. Nguyen Huy Tang, Ambassador of Vietnam to the Kingdom of Cambodia, said that these partnership between MBCambodia and Metfone was a major turning point showing the commitment of the Government, Vietnamese enterprises continue to increase investment and expansion in Cambodia in order to further strengthen the cooperation relationship of the two countries, Vietnam and Cambodia.

MB Bank (Cambodia) Plc. was launched in early January 2023 after operating the banking business in Cambodia since 2011 as a branch of “MB”, one of the top four banks in Vietnam. Proud of a solid foundation established over a decade in Cambodian market, MBCambodia is taking bold steps to transform into a comprehensive commercial bank with modern digital by putting customers at the centre of all changes.

Metfone (Viettel Cambodia) has been operating in Cambodia for more than 10 years, and has grown to become one of the nation’s leading telecommunications companies. It has created jobs for more than 12,000 workers and contributed more than $500 million to the Cambodian budget. Metfone has also solidified its position in the Cambodian market with two branches and 120 agents countrywide.