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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 ...
Vietnam is now maintaining a semi-formal relation with the Vatican, a major breakthrough in contrast to other communist countries of China, Laos and North Korea. The Government of Vietnam reached an agreement with the Vatican for further normalization in 2018, which allowed the Holy See to have a permanent representative in Vietnam in the ...
Official Vatican delegations have been traveling to Vietnam almost every year since 1990 for meetings with its government authorities and to visit Catholic dioceses. In March 2007, a Vatican delegation visited Vietnam and met with local officials. [64] In October 2014, Pope Francis met with Prime Minister Nguyễn Tấn Dũng in Rome.
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.
Official Vatican delegations have been traveling to Vietnam almost every year since 1990 for meetings with its government authorities and to visit Catholic dioceses. In March 2007, a Vatican delegation visited Vietnam and met with local officials. [17] In October 2014, Pope Francis met with Prime Minister Nguyễn Tấn Dũng in Rome.
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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 ...