ING's IGA unit advises second Vietnamese bank

Bank for Investment and Development of Vietnam mandates Dutch advisory division.

ING wholesale banking's institutional and government advisory group has received its second major mandate in Vietnam in the past two years, announcing that it will support the transformation of state-backed Bank for Investment and Development of Vietnam BIDV. The mandate follows the 2003 commencement of a two-year advisory assignment for the Bank of Foreign Trade of Vietnam Vietcombank, which like the BIDV assignment, was a World Bank-sponsored project. According to ING, the BIDV mandate will be similar to its previous work with Vietcombank, but unlike its previous assignment in the country, will only last for eight months. The brunt of the project will focus on BIDV's overall management structure and strategic...

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