Vietnam, Laos central banks foster collaboration
The State Bank of Vietnam (SBV) and the Bank of the Lao PRD (BOL) held a conference on September 17 to share experience in macro-economy management, particularly in the finance-banking area.
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| SBV Governor Le Minh Hung (middle) at the conference |
At the event, co-chaired by SBV Governor Le Minh Hung and BOL Governor Sonexay Sithphaxay, the two sides evaluated outcomes of their cooperation in finance and currency over the years, while discussing measures to enhance collaboration in the future.
They exchanged views on macro-economic and currency policy as well as the method of management over commercial banks run by the State and related matters.
Addressing the conference, SBV Governor Hung said that in the future, the bank will continue cooperating and sharing experience with the BOL in various banking areas.
The two sides agreed to continue foster affiliation in professional activities and information technology application.
They vowed to encourage and create favourable conditions for commercial banks of each other to seek partnership and invest in each other’s country to promote the banking system in Vietnam and Laos, thus better serving investors of both sides in investment, trade and business activities.
Within the framework of the conference, representatives of Vietnamese banks shared their experience in operations in Laos, thus seeking measures to deal with difficulties and obstacles facing six commercial banks of Vietnam operating in Laos, namely Vietinbank, Vietcombank, MB, SHB, Sacombank and LaoVietbank.