VDB, BDB to cooperate on promoting economic development

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The Vietnam Development Bank (VDB) and the Bulgarian Development Bank (BDB) signed a Memorandum of Cooperation (MoC) during a Vietnam-Bulgarian Business Forum.

According to the memorandum of the cooperation, as government banks, the two sides will cooperate to support trading activities between enterprises of the two countries, especially SMEs, enterprises operating in the fields of agricultural and agro-industrial development, promoting exports and imports of goods and services. The MoC will not only promote trade activities between the two countries but will also strengthen the friendly relations between them.

Mr. Nguyen Chi Trang, Deputy General Director, representative of VDB and Mr. Billian Balev, Executive Director of the BDB signed the MoC, respectively. The signing was witnessed by Vietnamese Minister of Industry and Trade, Mr. Tran Tuan Anh; Bulgarian Minister of Economy, Mr. Bojidar Loukarsky; representatives of the Bulgarian Embassy to Vietnam and other Vietnamese and Bulgarian officials as well as businessmen.

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