• IBEC PARTICIPATES IN THE 20TH MEETING OF THE INTERGOVERNMENTAL RUSSIAN-VIETNAMESE COMMISSION ON TRADE-AND-ECONOMIC AND SCIENTIFIC-TECHNICAL COOPERATION
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IBEC PARTICIPATES IN THE 20TH MEETING OF THE INTERGOVERNMENTAL RUSSIAN-VIETNAMESE COMMISSION ON TRADE-AND-ECONOMIC AND SCIENTIFIC-TECHNICAL COOPERATION

On 8 September 2017, in Ho Chi Minh City the 20th 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.

Mr. Egidiu Hentes, Board Member of the International Bank for Economic Co-operation (IBEC), took part in activities of the Intergovernmental Commission.

In the course of the meeting, the Parties discussed a wide range of issues of bilateral cooperation, highlighted the importance of efforts to build up Russian-Vietnamese trade and confirmed their intent on a mutually advantageous basis to continue their efforts to improve the investment climate and conditions of doing business for business representatives of the two countries.

Following the discussion of the items on the agenda, the Protocol of the twentieth meeting of the Intergovernmental Russian-Vietnamese Commission on Trade-and-Economic and Scientific-Technical Cooperation was signed, where in the field of banking and finance the Parties supported activated cooperation of the IBEC with the Russian and Vietnamese financial institutions and participation of the Bank in the Russian and Vietnamese projects for arranging the system of settlements in national currencies.

The Parties also supported the participation of the IBEC in financing of small and medium enterprises of Russia and Vietnam, strategic infrastructure projects, joint ventures and joint projects, as well as foreign trade operations between Vietnam and Russia, including in partnership with the international financial institutions and leading Russian and Vietnamese banks, and in maintenance of relevant accounts.

8 September 2017