The bilateral meeting between the State Bank of Vietnam (SBV) and the Bank of Lao People's Democratic Republic (BOL) was organized in Phu Quoc, Kien Giang province on October 28, under the chairmanship of SBV Deputy Governor Dao Minh Tu and BOL Governor Somphao Phaysith.
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At the meeting, the two sides exchanged their views on macro-economic situations, the results of managing monetary policies and banking operations; assessed the cooperation between the two central banks over the past year and made agreement on cooperative plan in the coming time. Although the fluctuations in international and regional markets, Vietnam and Lao P.D.R obtained encouraging results in macro-economic stabilization and economic growth.
BOL Governor Somphao Phaysith highly appreciated the achievements that Vietnam has obtained in socio-economic development with estimated GDP of over 6.5%, the highest level over past five years, macro-economic stability and inflation of about 2%, decreasing common interest rate…
Reviewing the cooperative results, the two sides acknowledged effective activities between the two central banks in various fields such as working visit of senior delegation, about 20 training programs on management of monetary policy, foreign exchange, reserve, banking inspection and supervision, anti – money laundering, international integration…The two sides asserted that Vietnamese credit institutions presenting in Lao P.D.R have continued operating effectively and contributing to socio –economic development of Lao P.D.R as well as the enhancement of the relation between the two countries.
On this occasion, the leaders of the two central banks witnessed the signing ceremony of Memorandum of Understanding (MoU) between the Mints of the SBV and the BOLD on the basis of MoU on cooperation signed by the two central banks.
LH