Vietnam Development Bank opens branch in Dong Nai

Mrs. Nguyen Quynh Chau is  receiving the Decision on establishing the Dongnai-based VDB

The branch is established basing on the restructuring of the Dongnai-based Development Assistance Fund aiming to carry out the state’s policies on investment development credit and export credit. Pursuant to the approval of Prime Minister Phan Van Khai, VDB and its branches, including Dong Nai branch, are non-profitable banks. Its capital is from the State budget, consisting of registered capital, state budget capital allocating for yearly projects and ODA fund allocated by the government. It is responsible for carrying out policies on investment development credit and export credit, such as investment development loan, investment credit guarantee and support after investment, sources for implementation of these credit policies are the bank’s charter capital, State funds and ODA capital entrusted by the Government

(Source Dongnai Newspaper)