The partnership is meant to allow businesses and customers across the two countries to interact by conducting trade activities between themselves. Thus, the Techcombank branches based in Lang Son and Quang Ninh provinces are to gain access to ICBCs online banking services. Furthermore, the latter, along with the ICBC branches in Dongxing and Pengxiang will be able to carry out cross-border payment activities by making use of money transfers, Letters of Credit and banking guarantees.
With more than 130 branches throughout Vietnam, Techcombank provides individuals and small to medium businesses with deposit products, loans, leasing, cash management and other financial services. ICBC offers personal banking services, including personal savings, loans, bank card services, credit card services, fund investment and personal financing services.
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