Vietnam-Russia Joint Venture Bank (VRB) held the official opening ceremony on 19/11/2006. The establishment of VRB, resulting from the economic co-operation of the two Governments and Central Banks, opens new opportunities for co-operation of the two economies and the financial systems. The opening ceremony was attended by the President of Vietnam Nguyen Minh Triet and of Russian President Vladimir V. Putin.
VRB is a joint venture between three parties, including: two leading banks of the two countries, Bank for Investment and Development of Vietnam (BIDV) and VTB Bank (formerly Vneshtorgbank, Bank for Foreign Trade of Russia) with equal capital contribution of 49.5% of chartered capital and NGS Telecommunication & Equipment Joint Stock Company (NGS) with capital contribution of 1% of chartered capital.
VIETNAM - RUSSIA JOINT VENTURE BANK
About the Enterprise
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