Igor Shuvalov: Russia welcomes negotiations on Vietnam’s joining EDB
Almaty, 18 October 2013. The 16th session of the Russia-Vietnam Intergovernmental Commission for Trade, Economic, Research and Technological Cooperation took place in Hanoi on Wednesday. The participants in the meeting discussed a range of measures and solutions as to how promote cooperation between Russia and Vietnam in certain areas. The sides talked, among other things, about Russia’s role in attracting investment to Vietnam and, in particular, about the provision of loans for the projects to construct nuclear power facilities in this country.
Igor Shuvalov, Chairman of the Russian side in the Commission and First Deputy Chairman of the Government of the Russian Federation, stated in his speech that Russia welcomed negotiations between Eurasian Development Bank (EDB) and Vietnam on Vietnam’s joining the Bank as a member state.
This position was recorded in the minutes of the meeting, which read that, “The sides have expressed their support for the negotiation process between EDB and Vietnam as regards cooperation with respect to the Bank’s participation in the financing of top-priority investment projects in the framework of trade and economic cooperation between Russia and Vietnam if the Socialist Republic of Vietnam joins EDB.”
EDB’s representative at the meeting of the Russia-Vietnam Intergovernmental Commission was Viktor Bolyasnikov, Deputy Chairman of the Management Board.
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.