Within the framework of the Bilateral Meeting between the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC), on December 19, 2022, in Da Nang city, SBV Governor Nguyen Thi Hong and NBC Governor Chea Chanto co-chaired a dialogue session with representatives of Vietnamese banks having presence and operations in Cambodia.
SBV Governor Nguyen Thi Hong and NBC Governor Chea Chanto co-chaired a dialogue session with representatives of Vietnamese banks having presence and operations in Cambodia
Attending the dialogue session, there were leaders of five Vietnamese commercial banks operating in Cambodia, including the BIDV, Agribank, the SHB, Sacombank and the MB.
Leaders of several commercial banks speak at the dialogue session
At the session, the representatives of Vietnamese commercial banks reported on their operational results in Cambodia over the past year, and also made several recommendations to the two Governors, such as on improving the legal frameworks and the infrastructure for banking operations, the creation of further favorable conditions for the safe and sound banking operations of Vietnamese banks in Cambodia, thereby contributing significantly to promoting the bilateral trade and investment relations between the two countries.
An overview of the Dialogue
Acknowledging the reports and the recommendations of the Vietnamese banks, NBC Governor Chea Chanto expressed high evaluation for the operations of Vietnamese commercial banks in Cambodia, in spite of the difficulties caused by the COVID-19 pandemic, which has contributed greatly to the socio-economic development of Cambodia.
The two Governors take a photo with the participants
SBV Governor Nguyen Thi Hong asserted that Vietnamese commercial banks had committed to make long term investments in Cambodia, and to comply with the laws of Cambodia, for the development of the relationship between the two nations as well as the two banking sectors. The SBV Governor also expressed her beliefs that Vietnamese commercial banks would continue to put their best efforts into affirming their positions in Cambodia, contributing to the economic development of the two nations, making significant contributions to the social security, and helping to further develop the special friendship and cooperation between Vietnam and Cambodia.
Le Hang