The Sacombank Financial Group Thursday opened the SBJ Cambodia Company with an initial chartered capital of US$3 million in Phnom Penh, Cambodia, following the opening of a branch more than one year ago.

Sacombank also introduced its product of “Sacombank Than Tai” (Gold of Wealth) gold bar.

Sacombank President To Thanh Hoang said that his group has decided to conduct long-term investment in Cambodia, a potential market with abundant gold reserves.

Director of the Sacombank branch in Cambodia Than The Hanh said his branch is now providing financial services to more than 700 Vietnamese and Cambodian customers.

The assets of Sacombank Cambodia now totals $38 million.

Source:tuoitrenews