MoU’s main goals is to create mutual benefice, to added value to sustainable economic development by supporting and accompanying each other in the coming time thus creating strength in the domestic and international markets.
According to the MoU, VDB and MB commit to a long-term strategic partnership development cooperation. The two sides will cooperate closely through to develop and add value to each side's products and services and create new ones integrating finance and banking content, to expand business activities, to promote brand image to use at the best the strengths of each side in domestic and foreign markets.
For responsibilities, MB shall provide funding source, banking products and services in line with its policies and regulations of its quality with projects/customers introduced by VDB; having priorities of funding for projects co -financed by two banks, especially oversea projects; introduce to VDB at the first place projects/customers eligible to its financing; enhance cooperation in communication, brand promotion and operation banking training actitivities.
For VDB, priority will be given to MB’s products and services such as: credit, fund mobilization, collection services at trading activities; international payment, insurance, collateral management, collateral evaluation/consultation...; funding for co financed projects, especially overseas investment projects; introducing to MB projects/customers with special funding needs, especially overseas investment projects which will be evaluated by both sides for finance; VDB will also cooperate with MB in communication, brand promotion and training banking operations.
At the signing ceremony, both VDB’s and MB’s Chairmen of the Board of Directors highly appreciated the cooperation between the two banks over years, and believed that after the signing Ceremony, cooperation relation will become increasingly strongthened, proving the determination to develop together to successfully implement their operational and business strategies of each sides as well as their political tasks in the socio-economic development of the country./.