PVcomBank, PVGas sign co-operation pact

October 28, 2014 | 15:23
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DA LAT - The Viet Nam Public Bank (PVcomBank) and the PetroVietnam Gas Joint Stock Corporation (PVGas) signed a comprehensive co-operation agreement in this Central Highlands city last Friday.

The two sides will collaborate in such areas as depositing, payment, credit, investment, financial advisory and individual finance services. PVGas will prioritise the use of PVcomBank's services, while the bank will create specific products for the company.

With this co-operation agreement, PVcomBank is committed to serving key projects of the oil and gas sectors, the bank said in a news release.

PVGas is one of the major units of the Viet Nam Oil and Gas Group, or PetroVietnam. It contributed more than VND67 trillion (US$3.19 billion) to the sector's revenues, and about VND5.7 trillion ($271.43 million) to the State budget in 2013.


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