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Please, be informed that International Bank for Economic Co-operation has made the changes to the General Terms and Schedule of Fees in Respect of Services for Legal Entities (Non-Bankers) (hereinafter – «the General Terms»). Starting from 15.08.2016 foreign exchange transactions are executed without fee (commission).

The 127th meeting of the supreme management body of the International Bank for Economic Co-operation - the IBEC’s Council was held in Moscow on 8 June 2016.

On 17 May 2016, just before the opening ceremony of the representative office of Joint Stock Bank for Investment and Development of Vietnam (BIDV) in Moscow, negotiations were held between the International Bank for Economic Co-operation and BIDV’s representatives.

On 18 May 2016, during the official visit to the Russian Federation of Mr. Nguyen Xuan Phuc, Prime Minister of Socialist Republic of Vietnam (SRV), the Russian-Vietnamese Forum “Trade and Economic Cooperation of Vietnam and Russia: New Horizons” took place at the Hanoi-Moscow Trade Center, Moscow. The Business Forum was attended by the heads of ministries and departments of Vietnam and Russia, Mr. Nguyen Thanh Son, Vietnamese Ambassador to Russia, representatives of the financial and banking circles, chambers of commerce and industry and enterprises of two countries, and mass media.