Metfone, the Cambodian affiliate of the military-run telecom group Viettel, and the branch in Cambodia of the Military Bank (MB Cambodia), on March 26 signed an MoU on their five-year strategic cooperation.
Leading officials of Metfone, MB Cambodia sign MoU on five-year strategic cooperation(Source: VNA)
Phnom Penh (VNA) –Metfone, the Cambodian affiliate of the military-run telecom group Viettel, andthe branch in Cambodia of the Military Bank (MB Cambodia), on March 26 signed anMoU on their five-year strategic cooperation.
Accordingly, during 2020-2025, MB Cambodia will meet creditdemand of Metfone and provide it with all corporate financial services at acredit limit of 100 million USD at competitive interest rates.
MB Cambodia will provide credit worth about 15 million USDwith preferential interest rates and conditions for Metfone’s partnerbusinesses, subsidiaries and employees.
Meanwhile, Metfone will prioritize transferring its cashflows of revenue to a bank account opened at MB Cambodia and using financialservices at the bank. Metfone will also prioritize sending money back toVietnam via the MB Cambodia’s system, while providing telecommunicationservices to the bank with preferential prices and priority services.
After more than 10 years of operation in the Cambodianmarket, Metfone is considered as one of the leading telecom companies in thecountry, creating jobs for more than 12,000 workers, contributing more than 500million USD to the host country’s budget so far.
MB Cambodia has developed adistribution network of two branches and 120 agents throughout Cambodia./.
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Leading officials of Metfone, MB Cambodia sign MoU on five-year strategic cooperation(Source: VNA) 
