News by country: Socialist Republic Of Vietnam

High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

High-level strategic decision: First step taken towards establishment of IIB European Unit in Budapest

Budapest, 18.06.2018 Following the invitation of the Government of Hungary the delegation of the International Investment Bank headed by Chairman of the Board Nikolay Kosov visited the Hungarian capital with the purpose of bilateral consultations with the Deputy Prime Minister Mihály Varga as well as participation in the signing ceremony of the Memorandum of understanding between Hungarian Government and IIB. Conclusion of the document serves as one of the initial steps towards practical…  Read more
VEB and IIB to finance power plant construction in Vietnam

VEB and IIB to finance power plant construction in Vietnam

Vnesheconombank, International Investment Bank (IIB) and Vietnamese company Petrovietnam have entered into a tripartite memorandum determining the cooperation framework in financing the Long Phu 1 power plant construction in the Socialist Republic of Vietnam. The signing ceremony took place during the 20th meeting of the Intergovernmental Russian-Vietnamese Commission for Trade-Economic and Scientific-Technical Cooperation in Ho Chi Minh, Vietnam. The document was signed by Daniil Algulyan…  Read more
IIB provides its first short-term trade related loan

IIB provides its first short-term trade related loan

Under its Trade Finance Support Programme (TFSP), in December 2016 the International Investment Bank (IIB) concluded its first framework agreement with Russian CB LOCKO-Bank on provision of trade related loans to finance foreign trade operations, and carried out its first transaction in favour of the borrower in the amount of USD 1 million. The funds will be used to finance supplies of products from Vietnam to the Russian Federation. The transaction with CB LOCKO-Bank expands the geography of…  Read more
IIB presented project finance opportunities during the visit of the Slovak Prime Minister to Vietnam

IIB presented project finance opportunities during the visit of the Slovak Prime Minister to Vietnam

Deputy Chairman of the Board of the International Investment Bank (IIB), Jozef Kollár, joined the delegation of Slovakia’s leading business representatives during an official visit of the country’s Prime Minister, Robert Fico, to Vietnam on July 17-19, 2016. The visit was dedicated to the 65th anniversary of the establishment of diplomatic ties between the two countries and the stepping up of multilateral cooperation, particularly in trade, investment, education and training. During the visit,…  Read more
Government of Vietnam supports IIB’s development strategy – the Bank’s Chairman of the Board met with the country’s Deputy Prime Minister

Government of Vietnam supports IIB’s development strategy – the Bank’s Chairman of the Board met with the country’s Deputy Prime Minister

Nikolay Kosov, Chairman of the Board of the International Investment Bank, met with Vu Van Ninh, Deputy Prime Minister of the Socialist Republic of Vietnam, responsible for financial and economic affairs. At the meeting, organised on the occasion of the 104th IIB Council Meeting, held on December 3-4 in Hanoi, Nikolay Kosov thoroughly informed his Vietnamese colleague about the results of the Bank’s activities during the post–reform year under the IIB’s renewed strategy. Mr. Kosov expressed…  Read more