On March 30, 2023, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Thanh Ha had a meeting with Mr. Orlando Nicolas Hernandez Guilen, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to Vietnam.
Also attending the meeting there were representatives from the SBV entities, including the International Cooperation Department, the Monetary Policy Department, the Department of Credit for Economic Sectors, and the SBV Human Resource Department.
Welcoming the working visit of the Cuban Ambassador to the SBV, the SBV Deputy Governor asserted that the SBV always attaches a high priority to the enhancement of the cooperative relationship with the Republic of Cuba in the banking sector based on the good traditional friendship between the two countries.
Deputy Governor Pham Thanh Ha and Cuban Ambassador Orlando Nicolas Hernandez Guilen, together with the participants from both sides
Exchanging their views about the socio-economic situation in Cuba and the country’s policies on reforming the economy, promoting foreign investment and encouraging operations of Cuban enterprises, as well as policies in the finance and banking sector, the SBV Deputy Governor and the Cuban Ambassador mentioned the difficulties that Cuba has been facing in the process of updating its economic model.
From the experience that Vietnam has obtained in the process of reforming its economy in the past years, Deputy Governor Pham Thanh Ha affirmed that the SBV would be willing to support Cuba through activities of sharing experience related to the management of the monetary policy, the exchange rates, as well as the effective management of the banking sector, creating favorable conditions for the economic development, the attraction of foreign investment, and the improvement of the people’s living standards.
For his part, Ambassador Orlando Nicolas Hernandez Guilen spoke highly of the cooperative relationship between the two central banks over many past years and asserted that he would put his best efforts into making positive contributions to further developing this cooperative relationship between the two countries’ banking sectors.
Le Hang