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President hails Vietnam-Russia banking cooperation
State President Nguyen Minh Triet has praised cooperation between Vietnam and Russia in banking domain, saying it would help facilitate payment transactions and credit provision for businesses of both countries.
Receiving Deputy Chairman of the Bank of Russia V. N. Melnikov in Hanoi on Oct. 17, the Vietnamese State President stressed that Vietnam wants to tighten relationship with Russia in all fields.
To Vietnam , Russia is a strategic partner and a faithful friend, President Triet said.
He noted that despite a bilateral trade turnover of 1 billion USD, the two countries’ payments via banking system account for only 30 percent.
Besides, payment systems and credit institutions in the two countries have not met the demands for financial transactions, which affects bilateral trade, economic and investment cooperation, the President added.
Vietnam is willing to play as a bridge connecting Russian investors and those in Southeast Asia , he stressed.
Deputy Chairman Melnikov briefed the President of the results of the annual meeting between the State Bank of Vietnam and the Bank of Russia’s working groups.
The two sides have discussed a future cooperation plan to facilitate bilateral economic, trade and investment relations, and reviewed the performance of the Vietnam-Russia joint venture bank, according to the deputy chairman.
VNN
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