Citi and HDBank sign MoU to expand banking cooperation

Citi and HDBank have signed a Memorandum of Understanding (MoU) to expand their banking cooperation, with the signing taking place in New York during a visit by a high-level Vietnamese delegation led by Party General Secretary and State President To Lam. The MoU aims to strengthen cooperation in various financial services, including banking, treasury and risk management, capital markets, trade finance, payments, foreign exchange, derivatives, and other financial services.

By combining HDBank's customer franchise, operational capabilities, and understanding of the Vietnamese market with Citi's global network, international expertise, and strengths across banking, services, and markets, the two institutions hope to facilitate Vietnamese businesses' connection with international markets, sources of capital, and global financial ecosystems.

This collaboration also seeks to enhance the sharing of global market insights, exchange expertise, and organize training programmes and workshops on relevant financial topics.

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