The International Investment Bank (IIB) signed cooperation agreementswith several Vietnamese banks within the framework of a visit by thebank’s delegation.

Under a comprehensivecooperation agreement between IIB and the Bank for Investment andDevelopment of Vietnam (BIDV), IIB will provide BIDV with a 50 millionEUR credit in the medium and long term for project and trade assistance.

The two sides also committed to cooperating in savings and foreign exchange transactions.

The IIB also became a partner of the Ho Chi Minh City DevelopmentJoint Stock Commercial Bank (HDBank) in many fields of businessactivities. It is a favourable condition for the two sides to strengtheninformation exchange and propose cooperation opportunities.

They pledged to organise more joint conferences, seminars and meetingsto seek partners and discuss consumers’ demand of banking services.

On March 1, representatives of IIB and the Agricultural Bank ofVietnam (Agribank) signed an agreement, under which the two sides willexchange views on cooperative possibilities in the coming time andfacilitate joint projects between the two banks.


Established in 1970, the IIB used to be a common bank of formersocialist countries with the headquarters in Russia’s Moscow andnow includes 10 member states. The aim of the bank is to build aneffective mechanism of support for small and medium-sized businesses inthe member states, and to participate in large infrastructure projects.

It has provided 7 billion EUR worth of loans for about 200 projects in many countries.-VNA