On May 25, 2022, at the headquarters of the State Bank of Vietnam (SBV), Governor Nguyen Thi Hong had a meeting with Mr. Marc E. Knapper, Ambassador Extraordinary and Plenipotentiary of the United States of America (USA/US) to Vietnam.
Governor Nguyen Thi Hong meets US Ambassador Marc E. Knapper
In her congratulations to Mr. Marc E. Knapper on his appointment as Ambassador Extraordinary and Plenipotentiary of the United States of America to Vietnam, Governor Nguyen Thi Hong expressed her beliefs that the Ambassador would have a successful term, contributing to further developing the cooperative relations between the US and Vietnam in general, and between the US agencies and the SBV in particular.
For his part, the Ambassador expressed his congratulations on the recent successful visit by Vietnamese Prime Minister and the Vietnamese Delegation, especially Governor Nguyen Thi Hong herself, to the US within the framework of the US-ASEAN Special Summit.
An overview of the meeting
The SBV Governor emphasized that the working visit had been of great importance, especially when it coincided with the 45th anniversary of the establishment of the US-ASEAN Partnership, and it had contributed to enhancing the bilateral relationship between Vietnam and the US in various fields. The SBV Governor expressed her great pleasure with her meetings with the SBV‘s important partners within the framework of the Prime Minister’s visit to the US, including meetings with the U.S. Secretary of the Treasury, the US Secretary of Commerce, and the US Trade Representative. The SBV Governor also mentioned the difficulties and challenges faced by the SBV in the management of the macro-economic and monetary policies under the increasingly high inflation pressures, together with the tightening of the monetary policies by many central banks around the world. The SBV Governor further shared that in all of the meetings in the US, Vietnamese Prime Minister had conveyed a message that Vietnam and the SBV had been managing the exchange rates and the monetary policy with long-term and consistent goals of ensuring smooth operations in the market, maintaining the macro-economic stability, controlling the inflation and enhancing the flexibility of the exchange rates, not to create any unfair competitive advantages in the international trade.
For his part, the US Ambassador shared that the Biden’s Administration, especially the US Department of the Treasury, made high evaluation for the sincere cooperation and the professionalism of the SBV entities over the past years, and hoped that the cooperative relations between the two sides would be further developed in the coming time. The Ambassador also acknowledged the difficulties and challenges faced by the SBV in the management of the monetary policy and in controlling the inflation under the global pressures. He affirmed that the US wishes to enhance further the cooperation with Vietnam in the finance and banking sector, especially in the development of the capital, stock, real estate markets. In addition, the US Ambassador showed great interest in knowing more about the priorities of Vietnamese Government in general and of the SBV in particular, and he expressed his willingness to support, connect and share more information between the US authorities and Vietnam.
SBV Governor presents a souvenir to the Ambassador
Toward the end of the meeting, the two sides confirmed to closely cooperate, especially at the technical level, in order to exchange the two sides’ perspectives and to enhance to cooperative relations in the potential areas.
Le Hang