Vietnam, Laos bolster banking affiliation

VOV.VN - The State Banks of Vietnam and Laos updated each other on macroeconomic situation, the enforcement of monetary policy and management of commercial banks at a joint conference in Luang Prabang, Laos, on February 15.

Both sides agreed to continue carrying out joint projects in cross-border trade payment, banking inspection, anti-money laundering and personnel training and pledged to promote the partnership among the four countries – Vietnam, Laos, Myanmar and Cambodia.

Governor of the State Bank of Vietnam Le Minh Hung and his Lao counterpart Somphao Phaysith signed a memorandum of understanding on bilateral collaboration.

They vowed to encourage and facilitate partnerships between Vietnamese and Lao commercial banks as a contribution to enhance investment and trade ties between the two nations.

VOV