On December 3, 2023, in Siem Reap, Cambodia, the bilateral meeting between the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) was organized under the co-chairmanship of Governor Nguyen Thi Hong of the SBV and Governor Chea Serey of the NBC.
Warmly welcoming the SBV Delegation headed by Governor Nguyen Thi Hong to the bilateral meeting, Governor Chea Serey congratulated the SBV on the encouraging results in the monetary policy management, contributing to controlling the inflation, maintaining the macro-economic stability, and supporting the economic recovery and development in Vietnam. On behalf of the SBV Delegation, Governor Nguyen Thi Hong sincerely thanked the hosts for their hospitality. The SBV Governor also congratulated Governor Chea Serey on her appointment as the first female Governor in the history of the NBC.
An overview of the bilateral meeting
Assessing the cooperative results over the past time, the two Governors praised the activeness of the relevant entities of the two central banks, as well as the commercial banks of the two countries for having successfully implemented the pilot project on cross-border QR payment between Vietnam and Cambodia, thereby contributing remarkably to leveraging the potentials for tourist development and enhancing the economic ties between the two countries.
The two Governors agreed about the cooperation orientations in the coming time, which would focus on the practical activities helping to enhance the connectivity between the two banking sectors; continuing to prioritize the promotion of the next stage of the pilot project on cross-border QR payment, ensuring full compliance with the legal regulations and the international practices.
The participants of the two central banks at the Meeting
Also within the framework of the bilateral meeting, Governor Nguyen Thi Hong and Governor Chea Serey co-chaired a dialogue session with the Vietnamese banks operating in Cambodia, including BIDV, SHB, Sacombank, MB and Agribank. The representatives from those banks presented their reports on their operations and banking performances in 2023, and affirmed their commitment to a long-term investment, and strict compliance with the Cambodian laws, for the sustainable development of the economic relations, as well as the cooperation in the banking sector between Vietnam and Cambodia. Acknowledging the reports of the commercial banks, the two Governors encouraged those banks to continue promoting their strengths in experience, technology and market understanding, making enormous efforts to assert their positions, and contribute to Cambodia’s economic development and the social security, as well as the special cooperation relationship between Vietnam and Cambodia.
Le Hang