On October 23, 2018, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Thi Hong had a meeting with Ms. Cecilia Piccioni, Ambassador of Italy to Vietnam. The delegation also included Mr. Pietro Ginera, Director General, the Bank of Italy cum Financial Counselor in charge of ASEAN of the Embassy of Italy in Singapore.
At the meeting, on behalf of the SBV Board of Management, Deputy Governor Nguyen Thi Hong thanked the Government of Italy and Italian businesses for having been accompanying with and supporting the Government of Vietnam in the cause of socio-economic development, contributing to achieving encouraging results over the past time. She also thanked Ambassador Cecilia Piccioni for her support toward Vietnam in general and the SBV in particular, which has helped to promote the strategic cooperation relationship between Vietnam and Italy in the past years.
The SBV Deputy Governor hoped that the Italian Ambassador, upon termination of her term and return to Italy, would continue to support the SBV in strengthening the bilateral cooperation ties between the monetary authorities and the banking sectors of the two countries, thereby promoting the bilateral trade and investment relations between Italy and Vietnam. The Deputy Governor wished the Ambassador successes and many accomplishments in her new position.
For her part, Italian Ambassador Cecilia Piccioni expressed her thanks to Deputy Governor Nguyen Thi Hong for her hospitality and the State Bank for having supported the Italian Embassy and herself in implementing their duties in Vietnam.
Also at the meeting, Mr. Pietro Ginera, on behalf of the Bank of Italy, expressed his wish to strengthen the cooperation relations between the two central banks in the coming time through further exchanges between the two sides about the issues related to the monetary policy management, the restructuring of the credit institutions systems.
The SBV Deputy Governor briefed the guests of the macro-economic situation and the monetary policy management in Vietnam in the first 9 months of 2018. She shared that the Government and the SBV would continue to pursue the objectives of inflation control, macro-economic stability in the next year as well as the following years. She emphasized that the SBV would continue to implement strictly, synchronously and effectively the measures of restructuring the credit institutions in association with NPL resolution in accordance with the set-out objectives, roadmap and plans.
Deputy Governor Nguyen Thi Hong assessed that the cooperation between Vietnamese credit institutions and their partners in the Italian market has developed well in general. Many Vietnamese credit institutions have expressed their wishes and willingness to enhance the cooperation with Italian partners. Therefore, the SBV Deputy Governor hoped, in the coming time, the Government of Italy would continue to support Vietnamese banks to participate in the financial and banking cooperation forums in order to get more information on the market, to seek opportunities to expand their networks of partners in Italy, and to promote bilateral investment and trade relations.
Le Hang