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MBCambodia Forges Strategic Partnerships at Vietnam-Cambodia Business Forum of Promotion Investment and Trade

Dec 13, 2023

MB Bank (Cambodia) PLC, a leading commercial bank and subsidiary of the MB Group in Vietnam, participated in the landmark Business Forum of Promotion, Investment, and Trade between Vietnam and Cambodia held in Hanoi.

Distinguished witnesses to this landmark event included Samdach Thipadei Hun Manet, Prime Minister of Cambodia, and Mr. Phạm Minh Chính, Prime Minister of Vietnam, along with high-ranking government officers from both countries, top executives from MB Group, MBCambodia, KNN (Cambodia), and Borey Mekong Land Development.


During this momentous event, MB Bank (Cambodia) PLC entered a strategic partnership by signing a Memorandum of Understanding (MOU) with KNN (Cambodia) Co., Ltd and Borey Mekong Land Development Co., Ltd. The collaboration aims to provide comprehensive corporate financial services. Notably, the partnership entails offering a total credit limit of $20 million, with KNN (Cambodia) benefiting from a credit limit of $8 million and Borey Mekong Land Development’s customers receiving credit limits of up to $12 million. These financial arrangements feature competitive interest rates and are designed to facilitate property purchases within Borey Mekong Land.


Under the MOU, MBCambodia is set to fulfill the credit requirements of KNN (Cambodia) and Borey Mekong Land Development, offering a suite of corporate financial services. This includes Business Loans, Supply Chain financing, SME loans, Trade Finance, and home loans.


Mr. Dinh Quang Huy, Chairman of MBCambodia, expressed his enthusiasm for the partnership, stating, “The MOU marks a significant milestone in our commitment to promoting financial services in the Cambodian market, especially for those with limited access to financing and banking services. We believe that by joining forces with KNN (Cambodia) and Borey Mekong Land Development, we can create a positive impact on the economic landscape of both countries.”


In addition to the strategic partnerships, MBCambodia is actively pursuing long-term investment initiatives to support the economic growth of Cambodia. The bank is currently in the final stages of completing joint venture licensing procedures with a prominent Japanese bank. This collaboration is expected to bring substantial support in terms of risk management systems, management standards, and a stable capital source for MB Cambodia. As part of its commitment to embrace digital transformation, MB Cambodia envisions serving 2 million customers on a digital technology platform by 2027, making it the most convenient retail bank in Cambodia. The bank recognizes the importance of staying ahead in the digital era and provides cutting-edge financial services to meet the evolving needs of businesses and consumers in both Vietnam and Cambodia.


MBCambodia is not only a financial institution but also a partner for businesses participating in investments in Cambodia and foreign investors engaged in trade between the two nations. With a focus on facilitating seamless integration between suppliers, manufacturers, and distributors, MBCambodia’s tailored financial products and services are designed to stimulate expansion and capitalize on growth opportunities.