Vietcombank and Mizuho Bank Sign Cooperation Memorandum
Vietcombank and Mizuho Bank signed a cooperation memorandum in Tokyo on November 9. Mizuho said it had added $100 million in capital to each of its Hanoi and Ho Chi Minh City branches in 2026 and was pursuing a further investment in Vietcombank through a private placement. The banks plan to expand cooperation on cross-border payments, corporate financing and capital markets.
On November 9, Vietcombank and Mizuho Bank signed a cooperation memorandum in Tokyo. The same day, Tô Lâm, General Secretary of the Communist Party of Vietnam and State President, met with leaders of both banks. The two sides said they would expand cooperation in investment, trade and international financing.
Tô Lâm meets with leaders of Mizuho Bank and Vietcombank in Tokyo.（VietVance）
Masahiko Kato, Chairman and Chief Executive Officer of Mizuho Bank, said the bank added $100 million in capital to each of its Hanoi and Ho Chi Minh City branches in 2026 and is pursuing a further investment in Vietcombank through a private placement. In 2011, Mizuho Bank acquired a 15% stake in Vietcombank for $567.3 million, becoming its foreign strategic shareholder.
The two banks said they have held 880 technical support and training sessions over the past 15 years. Mizuho Bank has introduced more than 400 new clients to Vietcombank, helped open more than 600,000 personal accounts and facilitated partnerships between Vietcombank and 45 regional banks in Japan.
In the next phase, the banks plan to strengthen financial services for Vietnamese and Japanese businesses, develop cross-border payments, and explore arranging financing and credit for major investment projects in Vietnam. Other areas of cooperation include the corporate bond market, international medium- and long-term financing, and infrastructure, energy and green transition projects. Mizuho Bank will also continue to advise Vietcombank on its participation in the Vietnam International Financial Centre.
Source: VietVance
