In the framework of the official visit to Vietnam, Mr. A. Y. Vorobiev, Governor of Moscow Province, Russian Federation paid a working visit to BIDV on October 22. The Russian Ambassador and Counselor of the Russian Embassy in Vietnam, as well as representatives of the Vietnam - Russia Cooperation Committee, Vietnam Union of Friendship Organisations and the Vietnam - Russia Friendship Association were in attendance.

​At the meeting, Mr. Tran Bac Ha, BIDV Chairman reported the results of economic cooperation between Vietnam and Russia in general and trade cooperation between BIDV and Russian banks in particular.

Following the policies of both the Vietnamese Government and the Russian Government in bolstering the comprehensive bilateral partnership between the two countries, BIDV has strengthened its partnerships with Russian financial institutions, implementing and financing projects, promoting trade finance operations with the Russian market. The year 2006 marked a milestone for economic cooperation between both Governments and the Central Banks of the two countries, opening opportunities for cooperation between the two economies. The opening of Vietnam – Russia Joint Venture Bank (VRB), a joint venture between two leading banks of the two countries, BIDV and the Russian Foreign Trade Bank (VTB), was a significant move towards cooperation between the two financial systems. 

Currently, BIDV has established correspondent relations with 31 Russian commercial banks, maintaining and promoting cooperation with large foreign banks in Russia in order to assist Vietnamese enterprises in exporting goods to Russia. The volume of import payments from BIDV to the Russian market in 2014 was USD142 million, an increase of 26 percent compared with 2013. In Q1-2015 it was USD24 million.

In addition, in order to promote two-way trade and investment cooperation, BIDV collaborated with the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade and associations to successfully organise a series of seminars and forums.

Also at the meeting, BIDV presented a report with suggestions for organising events in November in Moscow including a forum on promoting trade cooperation and bilateral payment; a seminar on global Vietnamese entrepreneurs; a Vietnamese quality products fair as well as plans to implement a light industrial zone construction project in the province of Moscow.