VN-Russia Bank opens subsidiary in Russia
On December 14 the Vietnam-Russia Joint
Venture Bank (VRB) officially opened a subsidiary bank in Moscow to
help Vietnamese exporters operating in Russia and Eastern Europe.
On December 14 the Vietnam-Russia Joint
Venture Bank (VRB) officially opened a subsidiary bank in Moscow to
help Vietnamese exporters operating in Russia and Eastern Europe.
Speaking at a seminar entitled “Supporting Vietnamese exports to Russia ” held in Hanoi the same day, Pham Van Minh, the Deputy General Director of VRB’s Transaction Exchange said that opening a bank in Moscow has made it easier and safer to makes payments between the business communities of both countries
The VRB’s representative added that his bank also plans to expand its area of operations by opening branches in former Soviet Union countries and others around Europe .
At the seminar, the Vice President of the Business Systems Development Audit-Consulting Group (RBS) Andrei Maximov pledged to support Vietnamese companies that export to Russia .
He said that Vietnam is a developing country with great potential and has a real demand for economic development in various fields. This is the reason why RBS, one of Russia ’s leading financial and consulting companies, is present in Vietnam , he added.
According to Vietnam’s Chamber of Commerce and Industry (VCCI), two-way trade between Vietnam and Russia reached a record 1.5 billion USD in 2008 and is expected to increase to 2 billion USD this year.
Vietnam mainly exports seafood, garments, rubber and footwear to Russia while it imports coal, steel, fertiliser and petrol.
After starting its operations in late 2006, VRB has become one of Vietnam ’s leading joint venture banks with its branches in Hanoi , Ho Chi Minh City , Da Nang , Ba Ria-Vung Tau and Khanh Hoa. The bank is currently planning to open a branch in Hai Phong early next year./.
Speaking at a seminar entitled “Supporting Vietnamese exports to Russia ” held in Hanoi the same day, Pham Van Minh, the Deputy General Director of VRB’s Transaction Exchange said that opening a bank in Moscow has made it easier and safer to makes payments between the business communities of both countries
The VRB’s representative added that his bank also plans to expand its area of operations by opening branches in former Soviet Union countries and others around Europe .
At the seminar, the Vice President of the Business Systems Development Audit-Consulting Group (RBS) Andrei Maximov pledged to support Vietnamese companies that export to Russia .
He said that Vietnam is a developing country with great potential and has a real demand for economic development in various fields. This is the reason why RBS, one of Russia ’s leading financial and consulting companies, is present in Vietnam , he added.
According to Vietnam’s Chamber of Commerce and Industry (VCCI), two-way trade between Vietnam and Russia reached a record 1.5 billion USD in 2008 and is expected to increase to 2 billion USD this year.
Vietnam mainly exports seafood, garments, rubber and footwear to Russia while it imports coal, steel, fertiliser and petrol.
After starting its operations in late 2006, VRB has become one of Vietnam ’s leading joint venture banks with its branches in Hanoi , Ho Chi Minh City , Da Nang , Ba Ria-Vung Tau and Khanh Hoa. The bank is currently planning to open a branch in Hai Phong early next year./.
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
