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No.21/2015: BIDV joins hands to hold business forum in Czech

During the state visit by the President of Vietnam to the Czech Republic, the Bank for Investment and Development of Vietnam JSC (BIDV) worked with Federation of Industry and Transport of the Czech Republic, CEB Bank and Eximbanka to hold the forum on economic and tourism cooperation in Prague on 11 May 2015.

The Forum was attended by President of Vietnam Truong Tan Sang, President of Czech Republic Milos Zeman, nearly 500 investors from Vietnam, Czech, Slovakia, Poland and Hungary and leaders of Vietnamese ministries and authorities. 3 major topics were discussed at the Forum including opportunities for Vietnam’s trade and tourism investment and development in Czech, Slovakia with frank inputs and opinions given by state regulators of Vietnam, Czech, Slovakia and investors.

​In the witness of the President Sang and President Milos Zeman four memorandums of understanding (MoU) were signed, including one between the Vietnam Chamber of Commerce and Industry (VCCI) and the Federation of Industry and Transport; one between BIDV and the Czech Export Bank (CEB); an agreement to purchase machinery and equipment for Vinh Son Hydropower Project between Vinh Son and Marvel; and a cooperation agreement between Fancon and SKD (Czech) on Haiphong-Lach Huyen railway. On this occasion, BIDV also signed MoU with Export-Import Bank of the Slovak Republic (Eximbanka) in the presence of President Sang. The signing of the MoU aims to further strengthen cooperation between the two banks and promote trade, investment and economic cooperation among the Czech Republic, Slovakia and Vietnam.

Addressing the Forum, President Milos Zecman affirmed that Czech will continue to promote investment mechanisms to further strengthen the traditional relationship between the Czech Republic and Vietnam which has been established for the past 65 years.

President Sang appreciated the efforts of BIDV and the business community in holding a professional forum that draws the attention of various investors in the Czech in particular and Eastern and Central European countries in general.

Speaking at the Forum, Mr. Tran Bac Ha - Chairman of BIDV affirmed that “BIDV is committed to: Continuously working effectively with the Czech and Slovak banks to develop products and services to support and provide fund to businesses of the three countries to strengthen trade, economic and tourism cooperation; Continuing to support Czech and Slovak businesses in looking for opportunities to do business in Vietnam in the fields of engineering, trade and service, power plant, medical equipment, national defense, crystal production, etc.; Continuing to support Vietnamese enterprises to look for investment opportunities in the Czech and Slovak markets”.