WSBI member in Vietnam pledges VND10 trillion (US$460 million) to MobiFone to assist operator with projects.
HA NOI, Vietnam, 11 June 2015 – LienVietPostBank, a WSBI member, has pledged VND10tn ($460m) to MobiFone to assist the operator with short- and long-term projects. The two parties held a signing ceremony in Hanoi on 3 June to mark this partnership.
Under the agreement, the two sides will cooperate to issue a new SIM card, named Macca, in order to raise public awareness of the development of macadamia trees in Vietnam. Users of the Macca SIM card will receive automatic updates about the Government's preferential policies, business environment, market prices, and other services related to the growth, investment, and development of macadamia trees. This initiative is part of joint efforts by LienVietPostBank and Him Lam Joint Stock Company to develop macadamia trees in Vietnam.
Following the agreement, LienVietPostBank and MobiFone will cooperate to provide payment facilities via bank accounts for services provided by MobiFone. They will also provide FastBank services, which will allow customers to use the payment services of the bank through MobiFone apps, such as FastBank USSD, FastBank Application, and FastBank WAP.
>> See the news story from Vietnam Investment Review