with The Bank for Investment and Development of Vietnam 

China Construction Bank (CCB or the Bank) Headquarters has recently signed a cooperation agreement on border trade settlement with Bank for Investment and Development of Vietnam, which signifies that the business between them has entered a new phase, providing a faster financial service platform for the border trade between China and Vietnam.

As the conducting bank to settle the border trade, the Branch Bank in Guangxi Autonomous Region commenced negotiations with the bank in Guangning Province of the Bank for Investment and Development of Vietnam on the collaborations in Guangxi border trade accounts with the authorization and under the leadership of the Headquarters since last year.  After over one year of negotiation, the two banks improved mutual understanding and reached the consensus of establishing good partnership.  At the same time, the CCB Branch in the Region was also busy with the work in border business operational rules, management and calculation rule and personnel training, to prepare for start business in a timely and normative manner after the agreement is signed.  The regional branch will explore the new business product of border trade accounting in a normative, safe and efficient way within the framework of the border trade account framework, and greatly increase the intermediary business income in foreign exchange and promote the new development momentum in international business.