Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) had a meeting with the delegation led by Mr. Alexander C. Feldman, Chairman of the US - ASEAN Business Council, in Hanoi on March 18.
At the meeting, Deputy Governor Nguyen Thi Hong warmly welcomed the working visit of the US - ASEAN Business Council, and highly appreciated the great contribution of the US - ASEAN Business Council and U.S enterprises to promoting relation between the two countries over the past time, particularly in the fields of economics, trade and investment. She expressed her hope that in the future, the US - ASEAN Business Council will continue to develop its role as a bridge between US investors and Vietnamese Government. She said that the SBV is always willing to cooperate and support the US business community within its jurisdiction to create more transparent environment for foreign investors to do their business in Vietnam.
In addition, Deputy Governor Nguyen Thi Hong briefed the guests of measures of Vietnamese Government, the SBV and other ministries have conducted in 2014 and early 2015, emphasizing the objective of curbing inflation, stabilizing macro-economy and supporting economic growth…
Regarding to substances related to the process of improving prudent and transparent banking sector and credit institutions, and NPLs resolution, the SBV Deputy Governor said that the SBV has taken an intensive and comprehensive reform, then initially achieved significant results after two years of implementation, thereby ensuring the safety of the credit institution system, controlling and handling weakly-performing commercial banks, gradually improving legal environment for monetary and banking operations in line with international standards. Moreover, she asserted that the SBV has encouraged the M & A of credit institutions in the voluntary principle, ensuring the interests of the depositors and the rights and obligations of the economic stakeholders in accordance with laws…She expressed her hope for support and experience sharing from the US Government and enterprises in the process of restructuring the banking sector in Vietnam.
On behalf of the US - ASEAN Business Council, Mr. Alexander C. Feldman expressed his impression on positive changes and encouraging results that Vietnam has achieved in the implementation of measures on stabilizing macro-economy, curbing inflation, and ensuring social protection over the past time. He said that it is necessary for Vietnam to change economic stability into sustainable growth at high level as obtained in the recent years. Therefore, he said the need to attract investment in Vietnam, especially investment in key infrastructure such as energy, transportation ... is essential. He also confirmed that Vietnam is a partner and potential market for US enterprises. He expressed his hope for long-term cooperation and participation in the priority areas of Vietnam.
Besides, the two sides also discussed a number of issues related to the development of capital market in Vietnam; measures of enhancing access to capital for small and medium enterprises; application of modern technologies in the field of finance and international payment...
TLH