Vietnamese bank increases support for businesses in Russia
The Bank for Investment and
Development of Vietnam (BIDV) officially launched its working team in
the Russian market at a ceremony in Moscow on November 22.
The launch ceremony saw the presence of Vietnamese Ambassador to
Russia Nguyen Thanh Son, BIDV Chairman Tran Bac Ha, and representatives
from Vietnamese and Russian businesses.
The team is the
third unit of BIDV operating in the East European market, following the
IDCE International Company and the BIDV Representative Office set up in
the Czech Republic in 2010 and 2012, respectively.
Its aim is to further promote trade and investment between Vietnam
and Russia and assist Vietnamese businesses in increasing their
exports and investment in this market.
It will set up
connections with local banks to provide timely support for Vietnamese
firms as well as update them on information on Russia’s political and
socio-economic situation.
The working team was a preparation for the establishment of the BIDV representative office in Russia.-VNA