First Vietnamese bank shakes hands with Alibaba.com
Vietnam Maritime Commercial Joint Stock Bank (MSB) announced on December 15 that it has become the first Vietnamese lender to sign a comprehensive cooperation agreement with Alibaba.com, a global business-to-business (B2B) e-commerce platform of Alibaba Group, to support importers and exporters in the new normal.
Leading officials of MSB and Alibaba.com sign comprehensive cooperation agreement at an online signing ceremony (Photo: VNA)
Hanoi (VNA) – Vietnam Maritime Commercial Joint Stock Bank(MSB) announced on December 15 that it has become the first Vietnamese lender to sign acomprehensive cooperation agreement with Alibaba.com, a global business-to-business(B2B) e-commerce platform of Alibaba Group, to support importers and exportersin the new normal.
Accordingly, the deal with Alibaba.com helps MSB get closerto import-export enterprises and support business activities, while promoting thedigitisation process, optimising costs, and better serving customers.
MSB will provide Alibaba.com customers with a list of productsand services including: bank accounts, cards, Online Banking, savings,insurance and investment products.
In addition, businesses have the opportunity to receiveseveral incentives from MSB exclusively for customers participating in thecooperation programme.
MSB Deputy General Director Nguyen The Minh said thatjoining B2B e-commerce platforms will help importers and exporters directlyapproach customers around the world, thereby expanding the opportunity toaccess the global market.
According to data from Alibaba.com, during the pandemicperiod, the number of customers buying products on this platform increased by 100 percent, the number of orders jumped by over 170 percent, and thetotal transaction value rose by 125 percent./.
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Leading officials of MSB and Alibaba.com sign comprehensive cooperation agreement at an online signing ceremony (Photo: VNA) 
