About VRB

VRB – Proud to be the only joint venture bank between two leading financial institutions: BIDV (Vietnam) and VTB (Russian Federation)

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Year of Official Establishment

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Strong Charter Capital Foundation

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Branches & Transaction Offices

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Seamless VND–RUB Fund Flow Connectivity

VRB's Commitment

“Connecting Success,
Growing Together”

On November 19, 2006, the Vietnam–Russia Joint Venture Bank (VRB) was officially inaugurated as a result of economic cooperation between the Governments and Central Banks of the two countries, creating opportunities to connect the two financial systems. VRB was honored to welcome President of Vietnam Nguyen Minh Triet and President of Russia Vladimir V. Putin on its opening day.

VRB is a joint venture between the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and VTB Bank (formerly Vneshtorgbank – the Foreign Trade Bank of Russia), each contributing 49.5% of the capital, while NGS Company contributes the remaining 1% of the charter capital.

To become a leading modern commercial bank and an indispensable financial partner in the trade ecosystem connecting Vietnam, the Russian Federation, and CIS countries.

2006

On November 19, 2006, the Vietnam-Russia Joint Venture Bank (VRB) officially opened and commenced operations. Established through economic cooperation between both governments and central banks, VRB aims to strengthen bilateral financial and economic ties. The inauguration was honored by the presence of Vietnamese President Nguyen Minh Triet and Russian President Vladimir V. Putin.

2007

Charter capital was increased from $10 million to $30 million, creating a foundation for VRB to expand its operations and strengthen its financial capacity.

2008

VRB continues to increase its charter capital to $62.5 million, affirming the long-term cooperation commitment of its two parent banks, BIDV and VTB.

2009

Charter capital has surged to $168.5 million, with equal capital contributions from BIDV and VTB. This marks a significant development, enhancing VRB's financial capacity and competitiveness.

2016

VRB marks its 10th anniversary, affirming its position as a symbol of cooperation in the finance and banking sector between Vietnam and the Russian Federation.

2024

As of December 12, 2024, VRB's charter capital exceeded $170.2 million. The capital contribution structure comprises BIDV and VTB, each holding a 49.5% stake, and NGS Equipment and Communication Joint Stock Company, holding 1% of the charter capital.

2026

As it approaches its 20th anniversary, VRB continues to affirm its mission as a financial and banking bridge, contributing to the promotion of economic, trade, and investment cooperation between Vietnam and the Russian Federation.