Vietnam Eximbank and Japan's SMBC part ways after 14-year alliance

Tie-up terminated over 'material changes' in business environment

20220318N SMBC REUTERS

Sumitomo Mitsui Banking Corp. has walked away from its alliance with Vietnam Eximbank. © Reuters

DAICHI MISHIMA, Nikkei staff writer

TOKYO -- Japanese lender Sumitomo Mitsui Banking Corp. said Friday that its 14-year alliance with Vietnam Eximbank has ended, citing "material changes in the business environment."

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