Russia's Leading Bank Expands to Vietnam
The Russian Bank for Foreign Trade (VTB) considers Vietnam an important destination in its expansion plans in Asia, in addition to China and India, said a VTB representative citing Vietnam's strong economic growth creating a lot of potential.
Yulia Chulina, a member of the VTB Management Board, made the comment at a seminar on Vietnam-Russia economic co-operation held in Moscow.
The seminar, hosted by the Vietnamese Embassy in Russia, aims to introduce the Vietnam-Russia Bank (VRB), a joint venture between the VTB and the Bank for Investment and Development of Vietnam (BIDV).
VRB is scheduled to become operational by November 19 with the opening of an office in Hanoi. The event is expected to draw the presence of the two countries' top leaders, President Nguyen Minh Triet and President Vladimir Putin.
Vietnamnet
Vietnamese
