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VTB: Deals between Russia and Vietnam in national currencies will quadruple in 2023

MOSCOW, December 5 – RIA Novosti. Olga Basha, head of the department responsible for the development of international settlements and VTB Senior Vice President, said: “Russia is Calling!” Deals between Russia and Vietnam in national currencies quadrupled in 2023, he told RIA Novosti on the eve of the investment forum.

“We are market makers in Vietnam, all payments for the ruble-dong pair are made through our partner bank. I can say that the agreements made with Vietnam in 2023 have quadrupled in national currencies, these are quite significant figures,” he said.

According to him, in general in 2022 and 2023 the bank sees a multiple increase in payments in national currencies passing through VTB’s infrastructure within its subsidiaries and branches abroad. The senior manager reminded that VTB has branches in India and China, a partner bank in Vietnam and a wide bank network in the CIS.

At the same time, when asked about the situation of Vietnamese dong liquidity at the Vietnam-Russia Bank, Basha said that “everything is fine” with him.

In October, the first deputy chairman of the State Duma Committee on Economic Policy, Nadezhda Shkolkina, said that the Vietnam-Russia Bank is experiencing a lack of liquidity in Vietnamese dong, which does not allow it to meet the ever-growing demand from customers. Both from Russia and Vietnam.

Forum “Russia is Calling!” It will take place on December 7-8. RIA Novosti is the media partner of the event.

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Source: Ria

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