The Saigon-Hanoi Commercial Bank (SHB) opened its doors in Phnom Penh on Feb. 9, aiming at boosting trade and economic relations with Cambodia.
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The launching ceremony
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Speaking at the launching ceremony, SHB Chairman Do Quang Hien said SHB considers Cambodia the first foreign investment market in its long-term strategy to make itself a modern retail bank of Vietnam and the region.
Cambodian Permanent Deputy Prime Minister Men Sam An highly valued SHB’s move to launch the branch in Cambodia . She said the decision proves firm confidence of foreign investors, including those from Vietnam , in the Cambodian economy.
The bank is expected to contribute to developing the financial-banking market in Cambodia and improving the Cambodian people’s living standards, she said.
Men Sam An also underlined the significance of the branch in boosting Cambodia ’s socio-economic development and relations between the two countries./.