Deputy Governor of the State Bank of Vietnam Dao Minh Tu had a meeting with Mr. Sonexay Sithphaxay - Deputy Governor of the Bank of Lao P.D.R on July 27th, 2017 at the SBV headquarters. Attending the meeting were representatives of the departments and units of the central banks of the two countries.
On behalf of SBV Management Board, Deputy Governor Dao Minh Tu warmly welcomed the delegation of Bank of Lao P.D.R led by Deputy Governor Sonexay Sithphaxay to visit and work in Vietnam.
Deputy Governor Dao Minh Tu emphasized that Vietnam and Laos are two neighboring countries with a time-honored close friendship and affection. The relationship between the banking sector of the two countries in general, and the relationship between the State Bank of Vietnam and the Bank of Lao P.D.R in particular has been growing strongly. There are a number of Cooperation Agreements had been signed between the two central banks, which provide the basis for further promoting this special friendship and cooperation. The two banks regularly exchanged high-level delegations and technical delegations to share experiences on issues of mutual concerns. SBV hopes that the two central banks will continue to have practical activities in the coming time, contributing to deepening the close relationship between the two Governments and people of the two countries.
At the meeting, representatives of State Bank of Vietnam exchanged and discussed issues that Bank of Lao P.D.R delegation concerned.
Deputy Governor Dao Minh Tu said that Vietnam has recently equipped some latest equipments to help differentiating real money and detecting counterfeit banknotes. On the other hand, Vietnam also cooperates with many countries in the world to have their samples of banknotes, the authentic banknotes so we can detect real and counterfeit ones. Deputy Governor Dao Minh Tu said that Vietnam is ready to assist Laos in this area.
On behalf of Bank of Lao P.D.R’s delegation, Deputy Governor Sonexay Sithphaxay expressed his sincere gratitude to the SBV Management Board, departments and units under the State Bank of Vietnam for facilitating, helping and supporting Bank of Lao P.D.R in sharing valuable experiences in various fields such as: banknotes issuance and vault, inspection and supervision, information technology, payments...
Deputy Governor of Bank of Lao P.D.R said that Banknotes Counterfeit Deterrence is very important. It would not be enough with one nation’s effort in fighting and preventing counterfeiting. Therefore, it is necessary to have close and effective cooperation among countries. He also laid out some contents of interest in the matter such as the propaganda and information so that people can easily distinguish real banknotes, counterfeit banknotes and the coordination in the fight against trafficking counterfeit money or the use of modern technology in printing banknotes... "In the future, there are many areas in which the central banks of the two countries will work together" said the Deputy Governor of Bank of Lao P.D.R.
VA