Introduction of VRB

WikiFX | 2021-11-16 17:34

Abstract：Vietnam-Russia Joint Venture Bank (VRB) was opened on 19/11/2006, resulting from the economic co-operation of the two governments and Central Banks. VRB is a joint venture between the two leading banks in Vietnam and Russia, Bank for Investment and Development of Vietnam (BIDV), accounts for 50% and Bank for Foreign Trade of Russia (VTB) with 50% of chartered capital.

General Information

Vietnam-Russia Joint Venture Bank (VRB) was opened on 19/11/2006, resulting from the economic co-operation of the two governments and Central Banks. VRB is a joint venture between the two leading banks in Vietnam and Russia, Bank for Investment and Development of Vietnam (BIDV), accounts for 50% and Bank for Foreign Trade of Russia (VTB) with 50% of chartered capital.

Main Business Activities

- VRB provides consultancy and information about investment possibilities.

- VRB arranges investment capital, directly give loans or co-finance projects.

- VRB provides guarantee services, such as guarantee for payment, bid, contract fulfilments.

- VRB makes direct investments through provision of capital by shares in the two countries firms; indirect investments through activities on inter-bank markets or financial markets.

Retail Banking

VRBs retail banking services including Deposit (Terms Deposit with Interest Paid at Maturity, Term Deposit with Interest Paid Periodically, Term Deposit with Interest paid at Beginning of Term, Ladder Term Deposit , Increasing Deposit , Forex currency trading, Loan(Car Loan, House Loan, unsecured overdraft, Value paper mortgage loan, loan finance proving, etc), Cards (VRB Visa Credit Card, VRB Visa Debit Card, Local Debit Card (ATM Card), as well as Payment Services (Domestic Remittance, International Remittance), as well as Digital Banking (VRB i-IB).

Corporate Banking

VRBs Corporate banking services include Deposit (End-Term Interest Earnings Term Deposit Periodical Interest Earnings Term Deposit, Early-Term Interest Earnings Term Deposit), FX currency trading ( FX Spot, FX Forward, and FX Swap), Loans (Working capital loan, Credit Line, SME credit programs , The Export-Import Credit Program, Medium & long term loan, etc), L/C and Guarantee (Bid guarantee, Performance guarantee, Advance payment guarantee, Warranty guarantee, Payment guarantee), and Payment Services (Domestic Remittance, International Remittance).

Customer Service

The VRB customer support can be reached through telephone ((+84-4) 3942 6668/hotline: 18006656) and email (contact_vrb@vrbank.com.vn). Besides, VRB is on social media platform including Facebook, Twitter, Youtube, Linkedin and Instagram.

VRB