VDB and VEB signs memorandum of cooperation

18/05/2015 12:05

On 13th May, 2015, at Nha Trang city, Khanh Hoa province, the Vietnam Development Bank (VDB) and Russian Bank of Foreign Economic Activity (VEB) has hold a MoU signing ceremony.

Mr. Anatoly Ballo – Vice Chairman of VEB, VDB General Director Tran Ba Huan have signed the MoU of cooperation with the witness of leaders of Vietnam government, ministries and key persons of two banks. Mr. Octavio B. Peralta - General Secretary ADFIAP has also joined the ceremony.
According to the MoU, VEB and VDB will cooperate in many sectors, namely: infrastructure, industrial equipments furniture, means of transport, power and energy development,  energy efficiency, clean water supply and sustainable development projectss including those in social security, education, health, environment, SME financing.
VDB and VEB will also cooperate in the fields of export financing, export credit guarantees, co-financing for oversea projects; sharing information related to policie in use, financial situation and economic growth, finance development as well as policies of the two nations; cooperating in matters of  capital market, exchanging delegations and having round table meetings, seminars and conferences to promote mutual understanding about business environments. Two sides will support professional skill of the staffs through training programs, workshops and survey regarding to exports financing, investment loans , credit analysis, risk management, international payments, as well as the areas of mutual interest. /.



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