Under the agreement, the two sides will strengthen coordination, leverage the strengths and resources of each organisation, and promote cooperation in providing financial and banking products and services. 

Accordingly, the cooperation between BIDV Son La and VDB Son La will enhance connectivity and effectively utilise the customer ecosystems of both parties; coordinate in researching and considering co-financing suitable projects; provide comprehensive financial solutions for customers; and cooperate in cash flow and collateral management, and credit activities while complying with legal regulations and the regulations of each institution.

The agreement will contribute to consolidating and strengthening the coordination between BIDV Son La and VDB Son La, creating favourable conditions for both institutions to maximise resources, improve operational efficiency, and expand financial and banking products and services. It will also help the banks with mobilising and providing capital for investment, production, and business activities, thereby promoting socio-economic development in Son La province.