On September 27, 2024, the Bilateral Meeting between the State Bank of Vietnam (SBV) and the Bank of Thailand (BoT) was organized at the headquarters of the SBV in Hanoi. The Meeting was co-chaired by SBV Governor Nguyen Thi Hong and BoT Governor Sethaput Suthiwartnarueput. Also attending the Meeting, there were leaders and representatives from the relevant Departments and entities of the two central banks.
SBV- BoT Bilateral Meeting
At the Meeting, BoT Governor Sethaput Suthiwartnarueput chaired a discussion session about the outlooks and the macro-economic situations in the two countries in particular, and around the world and the region in general; as well as the policy priorities to maintain the economic growth in the context of instabilities and uncertainties regarding the global economic recovery.
SBV Governor Nguyen Thi Hong at the Meeting
At the discussion session, the two Governors shared about the difficulties in the management of the macro-economy and the monetary policy in both Vietnam and Thailand in the context of the complicated developments of the world economy.
BoT Governor Sethaput Suthiwartnarueput at the Meeting
The two central banks’ Governors also exchanged their views about the orientations for the policy on improving the investment environment, noting the measures of encouraging the development of domestic resources, apart from the attraction of foreign investment.
An overview of the Bilateral Meeting between the SBV and the BoT
In addition, the participants in the Meeting also discussed about the relevant policies, shared their experience in the fields of forex management, enhancement of the use of the domestic currency, the risk-based supervision and inspection, and the prevention of frauds and crimes in payment operations.
The two Governors agreed that the two sides have been facing common challenges and risks in the management of these activities, especially in the payment operations and forex management, etc.
The two sides agreed to continue to maintain the exchange activities, including high-level bilateral meetings, and to enhance the mechanisms for sharing experience and strengthening the capabilities of both sides in the areas of central banking operations based on the topics which had been discussed and oriented in the framework of this Meeting.
The participants at the Meeting
Toward the end of the meeting, the two Governors highly recognized the results of the close cooperation between the two sides, and agreed on a cooperation plan between the two central banks in the coming time, based on the proposals of the technical experts at the Meeting, in order to achieve more practical results, which will be reported at the next Bilateral Meeting between the two central banks.
Le Hang