Cuban ambassador pays working visit to BIDV

THAO MINH

Mr. Phan Duc Tu, BIDV Chairman (right) receives Mr.Orlando Nicolás Hernández Guillén, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to Vietnam

On 17 June at the headquarters of BIDV in Hanoi, Mr. Phan Duc Tu, Chairman of BIDV's Board of Directors received Mr. Orlando Nicolás Hernández Guillén, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to Vietnam.

At the meeting, Mr. Phan Duc Tu expressed his pleasure to welcome the Ambassador and the delegation to BIDV, briefing the Ambassador on the history and operation of BIDV. Accordingly, after 64 years of development, BIDV has become the leading bank in Vietnam with total assets reaching over USD65 billion, a network of more than 1000 transaction points in all 63 provinces and cities across the country as well as presence in Laos, Cambodia, Myanmar, Russian Federation,… BIDV has established relationship with more than 2000 financial institutions in more than 170 countries and territories. Mr. Phan Duc Tu expressed his wish that BIDV would continue to receive support from the Ambassador for issues related to economic cooperation, trade and investment between the two countries.

The Cuban Ambassador congratulated BIDV on the achievements during its development history, as well as contribution to the Vietnam’s economy. The Cuban Ambassador shared about the situation about operation and project implementation by Vietnamese enterprises in Cuba, expressing his wish that BIDV would connect and support Cuba’s investment projects and companies doing business in Vietnam.

Currently, Vietnam is Cuba's second largest Asian trading partner. The main export items of Vietnam to Cuba include rice, consumer goods, iron and steel of all kinds, paper, ceramic products, chemicals, textiles, machinery and equipment, etc. In recent years, the importexport turnover has reached about USD260 million per year. Cuba has 2 investment projects in Vietnam with a total registered capital of USD6.7 million.