On July 26, 2023, in Hanoi, Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) had a meeting with the Mission of the Lao P.D.R., which was headed by Governor Bounleua Sinxayvoravong of the Bank of the Lao P.D.R. (BOL) cum Vice Chairman of Lao Securities Commission on the occasion of their working visit to Vietnam to exchange experience in the area of capital market development from July 24 to 27, 2023.
An overview of the meeting
Attending the meeting, on the side of the Lao P.D.R, there were representatives from the Lao Government Office, the Ministry of Planning and Investment and the leaders of the three provinces of Luang Prabang, Champasak, and Xieng Khouang, Lao Securities Commission, as well as a number of Lao companies. On the SBV’s side, there were representatives from the International Cooperation Department, the Banking Supervision Agency, the SBV Office, the Foreign Exchange Management Department, the Monetary Policy Department, the Payment Department, the Department of Legal Affairs, and the Central Banking Department.
Governor Nguyen Thi Hong speaks at the meeting
The SBV Governor expressed her beliefs that during this working visit, the relevant Ministries and agencies of Vietnam, especially the Ministry of Finance, the State Securities Commission, and Vietnam Stock Exchange had actively shared with the Lao counterparts a lot of useful experience of Vietnam in the area of capital market development.
The participants take a group photo
Sharing at the meeting, Governor Nguyen Thi Hong emphasized that, with its role as the State management agency in the banking sector, the SBV always coordinates closely with the Ministry of Finance, the Ministry of Planning and Investment in the process of developing and implementing policies, improving the legal frameworks, building and developing the infrastructure for the capital market in Vietnam, contributing to creating a more favorable and transparent environment for the sustainable development of the capital market, thereby improving the confidence of investors in the market.
Toward the end of the meeting, BOL Governor Bounleua Sinxayvoravong expressed his sincere thanks to the SBV for having always supported the BOL in the formulation and improvement of the legal frameworks, and believed that the close cooperation between the BOL and the SBV would continue to contribute significantly to the enhancement of the traditional friendship between the two countries.
Le Hang