Photo: DDDN

Vinaconex-Viettel Financial Company (VVF) was officially established by Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), the army-run mobile phone service provider, Viettel and the BIDV Insurance Company (BIC) at a ceremony in Hanoi on August 8th.

Accordingly, Vinaconex-Viettel Financial Company will have an initial charter capital of VND1,000 billion and the number is expected to increase to VND1,500 billion by 2011.

 

VVF will take full advantage of its strengths and potentials in the areas of construction investment, banking, real estate and telecommunications trading to develop in the upcoming time, said Nguyen Van Tuan, Chairman of Vinaconex’s Board of Directors.

 

VVF has also planned to become an investment bank providing its customers with a number of financial services in the future.

 

Source: thesaigontimes
Translated by Vu Hung