Mar 31, 2013

Vietnam - Cooperation between military businesses and bank promoted

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Deputy Defence Minister, Senior Lieutenant-General Le Huu Duc, on behalf of the Defence Ministry’s leaders, met with CEO of the Vietnam Development Bank (VDB) Nguyen Quang Dung on March 28th in Hanoi to discuss a mechanism to support military businesses to carry out socio-economic projects, while consolidating national defence and security in major areas.

Director of the Finance Department (the Defence Ministry) Major-General Tran Trung Tin, CEO of the Military Bank Senior Colonel Le Cong and representatives of Military Zones 7 and 5, military companies and the VDB’s branches also joined the discussion.

CEO Nguyen Quang Dung pointed out the important role of military companies in the cause of national defence and construction, and their current difficulties and challenges in approaching preferential loans. To deal with these issues, the bank established a special division, headed by a Vice CEO, in association with the Defence Ministry’s Finance Department and the Military Bank.

Addressing the ceremony, General Duc acknowledged delegates’ ideas and hoped that VDB would continuously offer the State’s preferential loans to military companies. Besides, the Deputy Defence Minister affirmed that the army units should run their business safely and effectively to maintain their prestige.

In addition, the General assigned the Finance Department to work together with relevant agencies of VDB and military businesses to build up the mechanism and then report to the Defence Ministry and the Prime Minister to gradually solve their difficulties.


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