ADFIAP Members in Vietnam help stimulate economy

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DSC03314The Vietnam Development Bank (VDB) and the Bank for Investment and Development of Vietnam (BIDV) have been in the forefront of the government’s efforts to stimulate the national economy since the global economic crisis started in late 2008. Both ADFIAP member-institutions in Vietnam have increased their lending operations to new and priority sectors and also expressed confidence that the country’s economy is presently picking up. This was the gist of discussions with senior officials of both VDB and BIDV during the visit there of ADFIAP Secretary General, Octavio B. Peralta, on March 3, 2010. Mr. Peralta met with Mr. Nguyen Quang Dung and Mr. Hoang Huy Ha, VDB General Director and BIDV Senior Executive Vice President, respectively. Mr. Peralta was in Hanoi on invitation of the Japan International Cooperation Agency (JICA) and its implementing organization on a technical assistance to VDB, Japan Economic Research Institute, Inc. (please see separate news story).

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