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VRB - 15 years of solid symbolism, towards the future

On November 19, 2021, Vietnam - Russia Joint Venture Bank (VRB) solemnly held the 15th Anniversary Celebration, marking the journey of continuous growth and strong transformation to execute the role as a bridge to promote economic, trade and investment cooperation relations between the two countries of Vietnam & the Russian Federation and to dedicate to serving and accompanying all goals of customers.

Taking place at the headquarters of VRB at 75 Tran Hung Dao, Hoan Kiem District, Hanoi, the celebration was attended by Ambassador Extraordinary and Plenipotentiary of the Russian Federation in Vietnam Gennady Bezdetko Stepanovich, members of the Embassy; President of the Board of Directors of BIDV Phan Duc Tu, General Director of BIDV Le Ngoc Lam, Leaders of several departments/centers at BIDV Head Office and its member units; VRB leaders through the periods to look back on the achievements of development, set goals for the journey ahead.

After 15 years of development and growth, from a bank with a modest size with 1 Head Office and 26 staffs, VRB has become a large system with 20 branches/transaction offices, more than 500 qualified staffs with professional qualifications, experiences in serving individual and corporate customers nationwide.
By the end of 2021, VRB's total assets, capital mobilization, and outstanding loans have all achieved impressive growth compared to the first day of establishment. Business were strongly transformed in the multi-services direction , thus, VRB's products and services are constantly innovating and perfecting to match and meet the comprehensive needs of customers. It is clear evidence that VRB's reputation, brands, products and services have continuously received high recognition with a series of awards from the Intellectual Property Association, Vietnam Banks Association (VNBA), IDG Vietnam, Moody's ...

Making a speech at the ceremony, on behalf of Bank for Investment and Development of Vietnam (BIDV) - one of the two parent banks of VRB, BIDV President of the Board of Directors Phan Duc Tu acknowledged the efforts of the entire VRB system in (1) Well perform its role as a bridge for cooperation relations, as well as a symbol of economy, trade, banking, finance and investment between the two countries of Vietnam and the Russian Federation through the pioneer establishment of the bilateral payment channel between Vietnam and Russia; cooperation with National Payment Corporation of Vietnam (Napas) and the National Payment Processing Center of the Russian Federation (NSPK) to provide payment services for the Russian Federation's domestic card - MIR chip card in Vietnam; approach and implementing cooperation of the state banks of the two countries while in the process of joining the SPFS system; participation in the Moscow Foreign Exchange (MOEX); (2) Consolidate the scale indicators of asset and network; (3) Build customer base according to market orientation and each targeted customer groups; (4) Focus and drastically renovate the management and administration strategy; (5) Develope information technology system; (6) Develop internal human resources.
(Mr. Phan Duc Tu - President of BIDV's Board of Directors spoke at the ceremony)
Especially, on the 15th anniversary, VRB was honored and proud to receive a congratulatory letter from Deputy Prime Minister of the Russian Federation Mr. Dmitry Chernyshenko and the Emulation Flag of BIDV. This is not only a recognition and praise but also a great encouragement for VRB.
This honor is the conclusion from the attention and leadership of the Government; the interest of the two state banks; the close guidance of the two parent banks (BIDV and VTB); is the result of the cooperation, support,  and development of customers and partners and the dedication and relentless efforts of many generations of employees.
(Ambassador Extraordinary and Plenipotentiary of the Russian Federation inVietnam Mr. Gennady Bezdetko Stepanovich hands over a congratulatory letter from Deputy Prime Minister of the Russian Federation Mr. Dmitry Chernyshenko to VRB)
(The Board of Directors of BIDV presented the emulation flag to VRB)

In the development strategy for the period of 2021 - 2025 and a vision to 2030, VRB will continue to pursue the goal of "effective and sustainable development", to become the bank with a modern digital technology platform, one of the leading banks in terms of profitability in the group of banks with the same capital size. At the ceremony, representatives of VRB's Board of Directors also expressed their determination to strive to successfully complete all assigned tasks, to be worthy of the attention and expectations of superiors, the trust of customers, partners; to be the worthy heir of the traditions, contributions to the construction and socio-economic development of Vietnam, the bridge and symbol of economy, commerce, banking, finance and investment relationship between the two countries of Vietnam and the Russian Federation.
The establishment of Vietnam-Russia Joint Venture Bank (VRB) is the result from the expressing will of the Government and the State Banks of the two countries Vietnam & Russia Federation in promoting bilateral cooperation to new heights, with capital contribution of 02 parent banks, Bank for Investment and Development of Vietnam (BIDV) and Bank for Foreign Trade of Russia (VTB). VRB's initial charter capital is 10 million USD.
On November 19, 2006, in Hanoi, with the presence of high-ranking leaders of the two countries, VRB officially opened its Head Office in Hanoi, with the mission of becoming a bridge providing financial & banking services to support cooperation in the field of trade and investment, being a symbol of effective and comprehensive cooperation between the two countries, in parallel with the goal of serving the business community and entrepreneurs in the economic cooperation relationship between the two countries as well as customers in the Vietnamese market with the high quality financial and banking services and products.
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© 2017 Vietnam - Russia Joint Venture Bank