Vietnam Development Bank

The Vietnam Development Bank (VDB) is established by the Prime Minister to execute the state development investment and export credit policies as regulated by the Government. The Vietnam Development Bank is recognized as legal entity with chartered capital, balance sheet, seal and account opened in the state bank of Vietnam, the state treasury, domestic and abroad commercial banks. In addition, it is allowed to participate in the inter-bank payment system and provide payment services as regulated by the law. The Development Bank inherits all the rights and obligations of the Development Assistance Fund.

Main duties of the Vietnam Development Bank

• Mobilize and receive capital from domestic and foreign organizations to implement investment and development credit and export credit of the State.
• Execute the policy of investment and development credit, policy of export credit of the State.
• Receive the trust of ODA capital resource management re-lent by the Government; receive the trust and allocation of investment lending and debt retirement of customers from home and abroad organizations through trust receipt contracts between VDB and trust organizations.
• Provide credit guarantee for SMEs’ loans from comercial banks.
• Provide payment services to customer and participate in the payment system at home and abroad serving for all the activities of VDB as regulated by the law.
• Perform duties of international cooperation in the field of investment and development credit and export credit.
• Perform some other tasks assigned by the Prime Minister.