ADFIAP gets support from Vietnam Development Bank

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DSC08067Taking the opportunity while in Hanoi as an invited speaker of the 3-day “Asia LEDS Partnership (ALP) Southeast Asia Climate Finance Forum”, ADFIAP Secretary General Mr. Octavio B. Peralta, visited the Hanoi headquarters of member-Vietnam Development Bank (VDB) and met with its Chairman Mr. Nguyen Quang Dung and its General Director, Mr. Tran Ba Huan. Discussed were VDB’s continuing support initiatives to ADFIAP such as its hosting of the 38th Annual Meeting in 2015, its delegation to the Moscow annual meeting this April and the association’s microfinance study tour programme in Vietnam this May.

Vietnam Development Bank is the pre-eminent development finance institution in the country tasked with mobilizing and receiving capital from domestic and foreign organizations to implement investment and development credit and export credit of the State; executing the policy of investment and development credit, policy of export credit of the State; receiving the trust of ODA capital resource management re-lent by the Government; receiving the trust and allocation of investment lending and debt retirement of customers from home and abroad organizations through trust receipt contracts between VDB and trust organizations; providing credit guarantee for SMEs loans from commercial banks; providing payment services to customer and participate in the payment system at home and abroad serving for all the activities of VDB as regulated by the law and performing duties of international cooperation in the field of investment and development credit and export credit.

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