On September 13, 2023, at the headquarters of the State Bank of Vietnam (SBV), Governor Nguyen Thi Hong had a meeting with Mr. Choi Yuongsam, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea (ROK) to Vietnam.
SBV Governor Nguyen Thi Hong meets ROK’s Ambassador to Vietnam
At the meeting, SBV Governor Nguyen Thi Hong congratulated Mr. Choi Yuongsam on his new appointment as Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Vietnam, and expressed her beliefs that, during his term in office, Ambassador Choi Youngsam would further make positive contributions to the development of the comprehensive strategic partnership between Vietnam and the ROK.
Moreover, the SBV Governor asserted that the comprehensive strategic partnership between the two countries has been growing strongly in all areas. The ROK is currently one of Vietnam’s leading economic partners, both in trade and in investment relations.
An overview of the meeting
Also at the meeting, the SBV Governor shared about the SBV’s management of the monetary policy and the forex market developments over the past time, as well as the collaboration between the monetary and the fiscal policies with the aim of controlling the inflation, maintaining the macro-economic stability, creating a favorable business environment for all enterprises, including Korean companies operating in Vietnam. Governor Nguyen Thi Hong expressed her hope that Ambassador Choi Youngsam would convey that message to all Korean investors so that they can be confident when making decisions to invest in Vietnam.
SBV Governor, the ROK’s Ambassador to Vietnam and the delegations of both sides take a photo together
For his part, Ambassador Choi Youngsam congratulated Governor Nguyen Thi Hong on being selected as one of the three Central Bank Governors with an “A+” grade in the Global Finance Central Banker Report Cards 2023 (An “A” grade represents an excellent performance). Moreover, the Ambassador also asserted that the ROK Embassy in Vietnam is always ready to promote its role in connecting and further enhancing the cooperative activities between Vietnam and Korean partners. Besides, the ROK Ambassador also expressed his hope that the SBV would continue to provide its strong support for Korean banks and financial institutions present in Vietnam.
Toward the end of the meeting, Governor Nguyen Thi Hong highly acknowledged the role of foreign financial institutions, including Korean ones, in the development of Vietnam’s banking sector. The SBV Governor affirmed that the SBV would always support and create favorable conditions for Korean banks to operate effectively in Vietnam, thereby contributing to further enhancing the comprehensive strategic partnership between Vietnam and the ROK.
Le Hang