• Delegation of the International Bank for Economic Co-operation took part in the 19th meeting of the Intergovernmental Russian-Vietnamese Commission on Trade-and-Economic and Scientific-Technical Cooperation
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Delegation of the International Bank for Economic Co-operation took part in the 19th meeting of the Intergovernmental Russian-Vietnamese Commission on Trade-and-Economic and Scientific-Technical Cooperation

On 21 September 2016, the 19th meeting of the Intergovernmental Russian-Vietnamese Commission on Trade-and-Economic and Scientific-Technical Cooperation was held under the chairmanship of Igor Shuvalov, First Deputy Chairman of the Government of the Russian Federation, and Trinh Dinh Dung, Deputy Prime Minister of the Government of the Socialist Republic of Vietnam.

On the official delegation of the Russian Federation, Ms. Golovchenko I.V., Chairman of the Board of the International Bank for Economic Co-operation, took part in activities of the Intergovernmental Commission.

In the course of the meeting, the Parties have discussed a wide range of issues of the Russian-Vietnamese trade-economic relations against the backdrop of functioning of a free-trade zone and strengthening the cooperation in the field of industrial production, have confirmed their intent on a mutually advantageous basis to continue their efforts for improvement of the investment climate and conditions of doing business for business representatives of the two countries.

Representatives of Russia and Vietnam have discussed the measures aimed at extending the interbank cooperation and developing settlements in the national currencies. “One more aspect of our cooperation is bank servicing, financial support of the projects. We would like to make good progress in using the national currencies only in our trade relations, without involvement of third-country currency”, I.I. Shuvalov said.

The Parties have supported the extension of cooperation of the International Bank for Economic Co-operation with the Russian and Vietnamese commercial banks and its participation in the pilot projects for arranging the settlements system in national currencies, in the projects of trade financing and making settlements with economic entities of the two countries.

Representatives of the IBEC delegation, who took part in activities of the meeting of the Intergovernmental Commission, held a number of consultations and meetings with representatives of the industrial enterprises of the Russian Federation, which implement the joint projects with the economic entities of Vietnam.

21 September 2016