Deputy-Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) met with a delegation from the Bank of Thailand (BOT), led by Mrs.Chantavarn Sucharitakul, Assistant-Governor-cum-Director of the Strategy and Cooperation Working Group on December 20, 2016 at the SBV headquarters.
The meeting was attended by representatives from the SBV International Cooperation Department, Agency for Banking Supervision and Inspection, Monetary Policy Department and leaders of the BOT International Cooperation Department.
At the meeting, Deputy-Governor Nguyen Thi Hong warmly welcomed Ms Chantavarn Sucharitakul and BOT Delegation’s working meeting with the SBV.
Deputy Governor Nguyen Thi Hong said that Vietnam and Thailand had established a strategic relationship resulting in outstanding achievements in trade and investment relations over recent years.
In the banking sector, the two sides have established a cooperation framework by signing the memorandum on technical assistance, and information exchanges on banking inspections and supervision. In multilateral forums, the SBV and the BOT have implemented several collaborative initiatives in the banking sector such as: (i) the ASEAN cooperation framework, especially the Overall Plan on building up the ASEAN Economic Community (AEC) 2015 and the vision towards the AEC 2025 Integration Economy; (ii) ASEAN+3 Banking and Finance Cooperation Forum, specifically the Chiang Mai Initiative Multilateralisation (CMIM) Agreement; (iii) The process of negotiating free trade agreements with the member countries of ASEAN+ partners.
Recently, Thailand has established 3 banking branches and 2 representative offices in Vietnam. The Deputy-Governor appreciated the credit institutions of Thailand based in Vietnam for their compliance with Vietnamese laws, contributing positively to enhancing the trade and investment relationship between the two countries.
On behalf of the BOT Delegation, Ms. Sucharitakul expressed her sincere thanks to Deputy-Governor Nguyen Thi Hong for receiving them. She also talked about several substantive issues that could enhance the cooperative relationship between the two banking systems. She spoke highly of the SBV’s support and expressed her hope that in the near future the two sides would boost further cooperation in common fields if interest including monetary policy, foreign-exchange management, inspection and supervision and support for both countries' commercial banks, in order to strengthen the cooperative relationship between the two central banks.
Thoa Le