On the occasion of UK Prime Minister David Cameron’s working visit to Vietnam, the State Bank of Vietnam (SBV) had a meeting with UK enterprise delegation in Hanoi on July 29 to update and exchange information on macro-economic situations and banking sector.
Attending the meeting were Ms. Anna Soubry, Minister for Small Business, Industry and Enterprise, senior leaders of UK enterprises; SBV Deputy Governor Nguyen Thi Hong, senior leaders of SBV entities and Vietnamese credit institutions.
Speaking at the meeting, Deputy Governor Nguyen Thi Hong warmly welcomed Ms. Anna Soubry’s working visit to the SBV. She asserted that the meeting between the SBV and UK enterprise delegation was a good opportunity for the SBV to update and exchange information on results of macro-economic management and the restructuring of Vietnam banking sector over the past time, thereby providing the guests overall picture of business environment in Vietnam. The meeting was also a chance for Vietnamese credit institutions to exchange their views with senior leaders of UK enterprises for seeking a chance of cooperation.
At the meeting, Mr. Nguyen Duc Long, Deputy Director General of Monetary Policy Department, briefed the guests of results of macro-economy and monetary policy management in Vietnam, emphasizing the objectives of controlling inflation, stabilizing macro –economy, implementing key tasks of restructuring the economy, renovating growth model in the direction of improving efficiency, competitiveness, human resource quality and accelerating the application of science and technology.
Exchanging views on the restructuring of the system of credit institutions, Chief Inspector Nguyen Huu Nghia of Banking Inspection Agency said that the SBV is one of the leading ministries in the implementation of restructuring the economy through the restructuring of the banking sector in a comprehensive and prudent manner. He stated that according to the Scheme on restructuring the system of credit institutions for 2011 – 2015 period approved by the Prime Minister, the banking sector, in the period of 2011- 2015, has focused on improving finance transparency, enhancement of operational capability of credit institutions; improvement of safety level and operational efficiency of credit institutions; strengthening market discipline and principles in banking operations. Over the past time, he went on, the SBV has been successfully implementing the restructuring of banking sector and resolving NPLs for a modern and safe and sound banking sector.
For her part, Ms. Anna Soubry expressed her impression on encouraging results Vietnam has obtained in the implementation of measures of stabilizing macro-economy, curbing inflation, and ensuring social protection over the past time. She assessed that the SBV has greatly contributed to managing monetary policy in a flexible manner. She also said that on the occasion of UK Prime Minister David Cameron’s working visit to Vietnam, the two Prime Ministers would discuss measures of strengthening strategic relation between the two countries, especially in the fields of investment, science and technology, finance and banking, education and training, defense. She asserted that UK enterprises consider Vietnam is a potential partner, so they hope for long-term cooperation and investment in the priority fields in Vietnam.
LH