OREANDA-NEWS. Vietnam-Russia Bank (VRB) increased its authorized capital from USD 10 million to USD 30 million. A relative decision was made by the Board of Directors of the Bank.

Having passed all the procedures required by the regulatory authorities of Vietnam, VRB shareholders paid up additionally issued bonds. VTB Bank paid USD 9,8 million, Bank for Investment and Development of Vietnam (BIDV) - USD 10,2 million.

Thus, their shares in VRB share capital remained the same: VTB holds 49% of shares, BIDV - 51%.
 
This increase in VRB authorized capital will help develop bilateral relations between Russia and Vietnam in the sphere of trade and economy, and will also facilitate to implementation of large-scale Russian-Vietnamese projects with Russian capital participation.