Vietcombank signs technical twinning agreement

Vietnam mandates ING-led consortium for technical assistance programme.

Vietnam's central bank, The State Bank of Vietnam, has appointed an ING-led consortium to advise Vietcombank, Vietnam's oldest bank on a range of technical issues. With ING in the consortium are PricewaterhouseCoopers, the Belgian Bankers Academy and Banking Financial Consultancy, a local Vietnamese consulting firm.

The agreement is called a technical twinning agreement and comes as part of a World Bank sponsored poverty reduction support credit that was signed in 2000. Under the terms of the...

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