December 15, 2009
Chairman of the Vietnam Cooperation Business Council Mikhail Slipenchuk participated in signing the agreement with Vietnam-Russian joint bank (VRB)
The unveiling ceremony of the Vietnam-Russian joint bank
subsidiary in Moscow was held on December, 14. Prime-Minister of
Vietnam Nguen Tan Zung, Deputy Minister of Finance of the Russian
Federation A.V. Novak, Deputy Chairman of the Central Bank of the
Russian Federation V.N. Melnikov, President – CEO of VTB A.L.
Kostin, Chairman of the Vietnam Cooperation Business Council M.V.
Slipenchuk, and representatives of Russian and Vietnam business
took part in the solemn ceremony.
VRB entry to the Russian market is aimed to strengthen bilateral
trade and economic cooperation between Russia and Vietnam. The key
activity of the bank will be providing a range of services such as
import and export financing, international payments, corporate
customers services to Vietnam companies, working in Russia. The
equity capital of the bank subsidiary amounts to 210 million
Within the framework of the ceremony the Vietnam Cooperation
Business Council and VRB Moscow signed the agreement concerning
promotion and development of commercial and trading activities
between Russia and Vietnam in spheres such as:
• project financing and promotion of investment cooperation
between Russia and Vietnam;
• cooperation concerning Russian investments in Vietnam,
providing consulting services in assessment, realization and
controlling of investment projects;
• in-time information sharing concerning entrepreneurial,
investment, trade and banking activities of the participants.
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