On June 28, 2023, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Thanh Ha had a meeting with Mr. Sun Yu, Vice Chairman and Chief Executive of the Bank of China Hong Kong (Holdings) Limited (BOCHK).
An overview of the meeting
At the meeting, Deputy Governor Pham Thanh Ha highly acknowledged the role of Chinese banks’ branches in Vietnam, especially the BOCHK – HCMC branch, the first Chinese bank’s branch operating in Vietnam. According to Deputy Governor Pham Thanh Ha, the BOCHK – HCMC branch has complied well with the regulatory ratios required by the applicable laws.
Deputy Governor Pham Thanh Ha speaks at the meeting
Also at the meeting, the SBV Deputy Governor shared about the orientations in the SBV’s management of the monetary policy during the first half of 2023. Accordingly, the SBV has managed the monetary policy in an active, flexible and effective manner in association with the fiscal policy and other macro policies in order to control the inflation, contributing to maintaining the macro-economic stability and supporting the economic growth.
Mr. Sun Yu, BOCHK Vice Chairman and Chief Executive, speaks at the meeting
Toward the end of the meeting, Deputy Governor Pham Thanh Ha took note of the proposed orientations for the future operations of the BOCHK – HCMC branch, and requested the Branch to expand its lending activities to Vietnamese businesses, especially SMEs, in order to help those businesses to recover their production and business.
Le Hang