The Bank for Investment and Development of Vietnam (BIDV) has recently inaugurated its representative office in the Czech Republic.

According to Quan Doi Nhan Dan (People’s Army) newspaper, the move represented the bank’s efforts to expand its operations to the European market, even when effects of the global economic slowdown are still lingering there.

The rep. office is expected to help promote trade and investment between Vietnam and the Czech Republic through the services BIDV offers to its Czech partners and other customers in the European country.