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The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR), [4] [5] commonly known as the Vatican Bank, is a financial institution [2] that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of Cardinals and ...
The Vatican and Vietnam are due to take a major step towards improving their long strained relations by finalising a deal in which Hanoi will allow the Holy See to have a resident representative ...
17 April – Vietnam mounts a $24 billion rescue for the Sai Gon Joint Stock Commercial Bank, which is currently involved in a massive fraud case. [3] 26 April – Vương Đình Huệ resigns as chairman of the National Assembly of Vietnam. [4]
The bank came to be known as the "priests' bank"; one chairman was Franco Ratti, nephew to Pope Pius XI. In the 1960s, the bank began to expand its business, opening a holding company in Luxembourg in 1963 which came to be known as Banco Ambrosiano Holding. This was under the direction of Carlo Canesi, then a senior manager, and from 1965 chairman.
The Pope would again meet Vietnamese leader Trần Đại Quang and his associates in the Vatican in 2016. [19] Vietnam remains the only Asian communist country to have an unofficial representative of the Vatican in the country and has held both official and unofficial meetings with the Vatican's representatives both in Vietnam and the Holy See ...
The Vatican’s agreement with Vietnam to establish a resident Vatican envoy in Hanoi comes just months after the U.S. secretary of state, Antony Blinken, traveled to Hanoi to boost U.S ...
The Holy See managed its affairs in Vietnam through a Delegation to Indochina established on 20 May 1925. [2] Pope John XXIII changed its name to the Delegation to Vietnam and Cambodia on 17 June 1964. [3] Such relations as existed between the Holy See and the government ended with the formation of the Socialist Republic of Vietnam in 1976.
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