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Submitted by ctv_en_1 on Wed, 07/26/2006 - 09:00
The Vietnamese Government will create favourable conditions for the China Development Bank (CDB) to assist Vietnamese banks in training staff, providing loans for investment projects as well as opening branches or cooperating with local banks.

Prime Minister Nguyen Tan Dung said while receiving CDB Governor Chen Yuan, in Hanoi on July 25.


PM Dung said that many Chinese investors have benefited from their investment in Vietnam and China is now Vietnam's largest partner with this year's two-way trade estimated at more than US$8 billion.


Mr Yuan briefed the PM on the results of his working sessions with Vietnamese relevant agencies. He said CDB can share its experiences with Vietnamese banks in areas such as the financial and monetary market, investment mobilisation, securities, border trade payment methods and investment in infrastructure construction.


He said that the CDB will continue to cooperate with Vietnam in the development of the electricity industry, road and rail transport.

 

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