As part of the project Russia-Vietnam: New Economies, a Russian business delegation paid a working visit to Vietnam between September 28 and October 2, holding a working session with Vietnam - Russia Joint Venture Bank (VRB) on October 1.

​Representatives of Russia’s research institutes, high-tech companies including scientific Atoll Scientific Research Institute, Аvrorа-М, Dalsroymechanizatsia Corporation, Bipron, Uvicom, Minskmetroproekt, Polius scientific research complexes and Nanoserv were in attendance.

The Russian businesses showed their willingness to open joint venture factories in Vietnam in order to promote cooperation and transfer of high technology. They expressed interest in the banking and financial services to support projects for future operations.

After listening to and answering the questions raised by the enterprises, Mr. Doan Minh Tien, Chief Executive Officer of VRB, affirmed, “As a bridge for trade, economic and investment cooperation between Vietnam and the Russian Federation, VRB is capable and ready to assist Russian businesses in financial and banking services,  particularly payment services and guarantees.”

The working visit to VRB as well as the activities of the Russian business delegation will create momentum for  further development and cooperation in technology, finance and banking to support small and medium enterprises of the two countries, contributing to bringing the economic ties between Vietnam and Russia to new heights.

Launched in April 2012 under the auspices of the Russian State Duma, the Russian Federation Council and the Union of Russian Renovation Area Associations, the project is designed to help the two countries’ business communities develop technological partnerships and extend integration and technological innovation.