Rapid economic growth and political stability along with an increase in Vietnamese investment in Cambodia has essentially paved the way for a growing presence of Vietnamese banks in Cambodia in recent years.
One of the leading commercial joint stock banks in Vietnam, the Military Commercial Joint-Stock Bank (MB), recently opened its first branch in Cambodia in Phnom Penh with US$39 million registered capital.
MB is one among the five largest commercial banks in Vietnam with about US$480 million in charter capital and has received an “A” rating from the State Bank of Vietnam. It is the fourth Vietnamese bank to establish a presence in Cambodia.
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