On January 18-20, 2024, Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) joined the Prime Minister’s official visit to Hungary. Within the framework of the visit, the SBV Governor attended the meetings between Prime Minister Pham Minh Chinh and the Prime Minister of Hungary, the President of Hungary, the Deputy Speaker of the Hungarian National Assembly; and participated in the Hungarian-Vietnamese Business Forum, as well as other bilateral activities.
Vietnamese Delegation have a lot of activities during the official visit in Hungary
At the meetings, the Governor of the Hungarian National Bank (MNB) and the SBV Governor had the opportunity to discuss about the operations and the management of the monetary policy of the two central banks. Accordingly, the MNB Governor spoke highly of the results of the SBV monetary policy management. Specifically, in the difficult context, the SBV has operated the monetary policy in a flexible manner, contributing to controlling the inflation at a low level, increasing the State foreign exchange reserves, and maintaining the stability of the forex and the money markets.
Also within the framework of the official visit, the SBV Governor attended the Prime Minister’s meetings with the leaders of Vietnam-Hungary Friendship Association; witnessed the signing of several documents on the cooperation between the two countries; and visited the Hungarian National University of Public Administration, and the Vietnamese Embassy in Hungary.
Vietnamese Delegation have a lot of activities during the official visit in Hungary
In Hungary, the Vietnamese Ministries and agencies, in coordination with the Vietnamese commercial banks and businesses, organized a Hungarian-Vietnamese Business Forum. This was in the form of a panel discussion on the economic - investment - trade cooperation relations between Vietnam and Hungary. It was also an important event to connect the banks and businesses of both sides, aiming to open a new period of cooperation.
At the Forum, the panelists delivered presentations about the potentials, the investment and business environment in Vietnam and Hungary.
The SBV Governor take a picture with representatives of the commercial banks attending the Hungarian-Vietnamese Business Forum
Representing Vietnam's leading commercial banks at the Forum, a leader of Vietcombank delivered a presentation about the main features of Vietnam's economy, the trends and opportunities for foreign investors. Especially, Vietnamese commercial banks have continuously and proactively improved their management and governance, gradually meeting the highest international standards. Also, Vietnamese banks always stand ready to provide the best banking services for foreign investors in Vietnam.
Mr. Nguyen Viet Cuong, Deputy CEO of Vietcombank, speaks at the Forum
The Prime Minister’s official visit to Hungary has an important meaning on the occasion of the 5th anniversary of the establishment of the Comprehensive Partnership between the two countries.
During the three days from January 20 to 22, 2024, the SBV Governor continued to accompany the Prime Minister in his official visit to Romania.
Le Hang