Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

May 12, 2025 - 15:31

The Vietnam Airlines Corporation and Russia’s state-owned VTB Bank have signed a memorandum of understanding (MOU) to enhance co-operation.

Representatives from Vietnam Airlines and Russia’s state-owned VTB Bank exchange the MoU on co-operation. — Photo vneconomy.vn

HÀ NỘI — The Vietnam Airlines Corporation and Russia’s state-owned VTB Bank have signed a memorandum of understanding (MoU) to enhance co-operation.

The signing took place in Moscow on May 10 (local time) within the official visit to Russia by Party General Secretary Tô Lam, with the Vietnamese top leader and Russian President Vladimir Putin witnessing.

Through the MoU, Vietnam Airlines and VTB Bank expressed a shared desire to explore solutions to promote cultural exchanges, enhance tourism support, and seek more cooperation opportunities in the future.

Vietnam Airlines CEO Lê Hồng Hà described the event as an important milestone, opening up many practical cooperation opportunities that will enhance air connectivity and tourism cooperation between Việt Nam and Russia, and better serve the travel and business needs of customers in both countries.

Meanwhile, VTB Bank CEO Andrey Kostin affirmed the bank’s commitment to supporting Vietnam Airlines, pledging to provide optimal services to aid the airline’s development in the Russian market.

The signing was held as Vietnam Airlines had just officially resumed its direct Hà Nội - Moscow route on May 8, with two flights per week. This route not only meets the increasing travel demand between the two countries but also promote their tourism, trade, and cultural exchanges.

The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Việt Nam with the world, contributing to the sustainable development of Việt Nam-Russia relations in the new period. — VNS

UAE-based Group eyes agriculture and infrastructure investment in Việt Nam

Economy

Market starts new week on strong note as VN-Index rises past 1,280 points

Economy

Việt Nam's flower export turnover surpasses $100 million mark

Economy

Bình Dương develops new 16-hectare centralised IT zone

Economy

Việt Nam opens first international marina in Nha Trang south-central resort city

Economy

Hà Nội targets 30,000 new enterprises in 2025

More on this story

Economy

Why rising profits don't always boost stock prices

Companies that reported strong profit growth also found their stock prices languishing, moving in accordance with overall market trends rather than their individual performance.

Economy

Việt Nam eyes 8% growth in 2025 through strategic reforms

With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8 per cent or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.

Economy

VN-Index likely to consolidate in short term before testing 1,280-point level

Despite strong resistance and uncertain outcomes from the tarriff talks, analysts expect the VN-Index to consolidate in the short term before attempting to break the 1,280-point level and approach the psychological threshold of 1,300.

Economy

Streamlined legal framework proposed to promote green industrial parks

Green loans only account for about 4.6 per cent of total outstanding loans, showing that green credit in Việt Nam remains modest compared to the size of the potential it offers.

Economy

SBV works to ensure $20b preferential credit package is effective and safe

The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VNĐ500 trillion.

Economy

Calls grow for Việt Nam and Russia to strengthen bilateral business ties

The main goal of bilateral cooperation between the two countries is to develop concrete projects and promote mutual investment that delivers tangible results.

Economy

Party General Secretary receives leaders of prominent Russian businesses

Party General Secretary Tô Lâm met with leaders of several leading Russian enterprises in the morning of May 11 (local time).

Economy

Vietnamese staples showcased at RCEP Economic and Trade Expo in China

A wide range of high-quality Vietnamese products like coffee, durian and cashew nuts, was exhibited at the Second Hunan (Huaihua) RCEP Economic and Trade Expo in Huaihua City, China from May 8 to 11.

Economy

PM calls for breakthrough policies for Việt Nam’s int’l financial centre

According to the Politburo's conclusion on establishing a comprehensive international financial centre in Hồ Chí Minh City and a regional financial centre in Đà Nẵng, these facilities will operate under exceptional management mechanisms that enhance competitiveness while implementing appropriate risk management and oversight protocols.