Sumitomo Mitsui encouraged to invest in Vietnam’s infrastructure
(VOVWORLD) -Deputy Prime Minister Vuong Dinh Hue has suggested the Sumitomo Mitsui Banking Corporation (SMBC) invest in infrastructure construction in Vietnam while meeting with an executive of the Japanese bank.
Sumitomo Mitsui is currently holding 15 percent of the charter capital of the Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) and used to support Japanese and Vietnamese businesses with capital and financial services.
 Sumitomo Mitsui encouraged to invest in Vietnam’s infrastructure |
It has expressed the intention of expanding operations in small- and medium-sized enterprises development and infrastructure building in the country. At the meeting in Hanoi on May 3, Deputy PM Hue applauded Sumitomo Mitsui’s investment and business partnership in Vietnam.
SMBC Managing Director Ryuji Nishisaki said his firm is interested in the restructuring of credit organisations in Vietnam and will keep working to successfully restructure Eximbank in the near future.