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Vietnam can become a member of EDB

Chairman of the Board of the Eurasian Development Bank (EDB) Igor Finogenov during a working visit to Vietnam met with Wang Bin, Chairman of the State Bank of the Socialist Republic of Vietnam.

During the meeting in Hanoi, the parties discussed the issue of Vietnam joining the EDB. Vietnam made a commitment to finally decide the end of 2014.

Vietnam initiated a meeting of the working group with the participation of representatives of the EDB and the State Bank of Vietnam. During the negotiations, Vietnam was provided with full information on the activities of the Bank, incl. on the conditions of cooperation with the member states, on the main directions of project activities, on raising funds, on the procedure for joining the Bank of new members, on the structure of its capital.

Vietnam was particularly interested in the conditions and procedure for joining the EDB, the procedure for paying contributions to the statutory fund, issues of capital formation on demand and the formation of the governing bodies of the Bank. In general, representatives of the State Bank of Vietnam told the EDB delegation that they were satisfied with the progress of the negotiations and were interested in the question of joining the NRW into the Eurasian Development Bank.

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