On February 12th, 2019, on the occasion of the Lunar New Year of the Pig, according to the tradition for the Lunar New Year in Vietnam, on behalf of the State Bank of Vietnam (SBV) Board of Management, Deputy Governor Nguyen Kim Anh had a working visit to the World Bank (WB) Office in Hanoi.
Overview of the meeting
Also attending this first meeting of the Spring in the Year of the Pig at the WB Office in Hanoi were Mr. To Huy Vu, Director General of the International Cooperation Department, Mr. Dang Van Toi, Deputy Chief of the SBV Office, and other SBV officials.
On the side of the WB Office, there were Mr. Ousmane Dione, WB Country Director in Vietnam and other officers.
At the meeting, SBV Deputy Governor Nguyen Kim Anh acknowledged and appreciated the long-term close relationship between the SBV and the WB and thanked the WB for its support to the Government of Vietnam (GoV) in general and the SBV in particular. During the past 25 years of cooperation, the WB has always cooperated closely with Vietnam, providing valuable support, especially in the banking sector as well as for the macroeconomic management of the GoV. The WB’s Reports and analyses such as the Macroeconomic Review and Vietnam Business Environment Assessment, are highly appreciated by the GoV and received special attention from the experts. These are important and objective documents to help and support the GoV, the SBV in the evaluation and assessment of the overall situation and the operations of the economy in general and the SBV in particular.
In addition, comments and assessments of Mr. Dione or the WB's Chief Economist for Vietnam have also received high attention from Prime Minister Nguyen Xuan Phuc and the SBV leaders, as well as domestic and foreign scholars. On this occasion, SBV Deputy Governor Nguyen Kim Anh once again thanked the WB for its support in the recent time by providing technical assistance in promoting inclusive finance, Fintech, and especially the Technical Assistance Project on "Strengthening the development and health of the banking sector in Vietnam".
On behalf of the WB, Mr. Ousmane Dione expressed his honor and special pleasure for the first office visit by SBV Deputy Governor Nguyen Kim Anh. Mr. Ousmane Dione expressed his sincere thanks for the SBV's attention and the close coordination of the International Cooperation Department with the WB in the past time. The WB Country Director affirmed that the SBV is not only the representative of the Socialist Republic of Vietnam but also an important partner of the WB in Vietnam. In the near future, Vietnam has many important programs and activities that, according to Mr. Dione, also poses big challenges which need to be coordinated closely by the SBV, thereby further strengthening the cooperative relationship between the WB and the SBV. The WB is committed to accompanying the SBV to cope with and resolve the challenges in the coming time, especially in banking sector restructuring. Mr. Dione believed that the activities in 2019 will mark an important milestone, creating a positive transition in the cooperation between the two sides. He also trusted with the strong determination spirit expressed through the GoV's actions, the cooperation between the WB and Vietnam will be further developed, overcoming all difficulties and achieving best results.
On the occasion of the new Spring, the SBV Deputy Governor conveyed his best wishes for health and successes to all of the WB staff, and hoped that the cooperative relationship between the SBV and the WB in the new year would get closer.
VA