The Bank for Agriculture and Rural Development of Viet Nam (Agribank) and Bao Viet Holdings signed a co-operation agreement on Wednesday.

Under the co-operation agreement, Agribank and Bao Viet have committed to prioritise the use of products and services of each other and exploit the strengths and potential of each party to raise efficiency and competitiveness for deeper and further integration.

Tiet Van Thanh, general director of Agribank, said through the co-operation with Bao Viet, a leading financial-insurance group in Viet Nam, Agribank hopes that it will successfully implement the Party’s resolutions and the Government’s policy on promoting the leading role of State corporations and enterprises in supporting each other to develop sustainably, reach out to the world and contribute to the socio-economic development of the country.

At the signing ceremony, Nguyen Quang Phi, Bao Viet general director, said Bao Viet and Agribank have many similarities in size, network and fields of operation. Through the co-operation agreement, the commitment to use each other’s products and services will help the two maximise their potential and strengths, he said. — VNS