Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) had a meeting with Mr. Rodrigo Malmierca Diaz, Cuban Minister of Foreign Trade and Foreign Investment, in Hanoi on November 18.
At the meeting, Governor Nguyen Van Binh warmly welcomed the working visit of Mr. Rodrigo Malmierca Diaz and the Cuban delegation. He congratulated on socio-economic achievements and the economic improvement as well as the issuance of several important legal texts of Cuba (Law on foreign investment, Law on Tax…). He also expressed his belief that, in the coming time, Cuba’s economy will develop remarkably and investment environment of Cuba will increasingly attract more investors.
Moreover, Governor Nguyen Van Binh emphasized that the year of 2015 marks the 55th anniversary of establishing diplomatic relations between Vietnam and Cuba (December 2nd, 1960 – December 2nd, 2015). He stated that the cooperative relation between the two countries has been entering into the new chapter with the implementation of medium-term Bilateral Economic Cooperation Program signed in March, 2014 on the occasion of Prime Minister Nguyen Tan Dzung’s visit to Cuba.
In regard to the cooperation in the banking sector, Governor Nguyen Van Binh said that the central banks of the two countries have established the cooperative relation and exchanged experience in banking activities and management of banking operations. Especially, in September, 2015, on the occasion of President Truong Tan Sang’s visit to Cuba, the SBV Governor and the Governor of the central bank of Cuba signed Memorandum of Understanding on exchanging information on banking inspection and supervision, thereby creating an important basis for the presence of commercial banks of the two countries in their territories. Currently, the Vietnam Bank for Agriculture and Rural Development is a pioneer to preparing for necessary procedures to present in Cuba.
For his part, Mr. Rodrigo Malmierca Diaz expressed his impression on achievements that Vietnam obtained in the socio-economic development over the past time. He acknowledged the role of the banking sector in establishing and developing the relation in the fields of commerce and investment. Therefore, he expressed his hope that the two sides will effectively implement substances agreed in the 33rd meeting session of Vietnam – Cuba Inter-governmental Committee, and strengthen the cooperation in the banking sector for the development of economic – commercial – investment relation. As the co-chairman of the session of Vietnam – Cuba Inter-governmental Committee, Mr. Rodrigo Malmierca Diaz asserted that Vietnam – Cuba Inter-governmental Committee will support and facilitate for commercial banks of the two countries to operate in Vietnam and Cuba.
TLH