Japanese financial behemoths extend SE Asia reach

Japanese financial behemoths extend SE Asia reach

Three Japanese megabanks are doubling down on their emphasis on Vietnam’s finance and banking sector to experience rapid economic growth and leverage their investment portfolios across wider Southeast Asia.
Lenders promise investment scale-up

Lenders promise investment scale-up

The dissolution of a 15-year collaboration between Eximbank and Japan’s Sumitomo Mitsui Banking Corporation, its largest foreign strategic shareholder, could pave the way for a fresh start after a number of financial and internal conflicts plagued the former.
Eximbank ends partnership with Japan's SMBC

Eximbank ends partnership with Japan's SMBC

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank's board of directors.
Japanese banks take on strategic roles

Japanese banks take on strategic roles

Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.