The SBV Delegation led by Deputy Governor Nguyen Kim Anh attended the Forum namely “Four countries – one destination: Connecting Tourism and expanding Cooperation in Banking Sector” among Cambodia - Laos - Myanmar - Viet Nam (CLMV), in Yangon, Myanmar from July 30 to August 1, 2016.
The forum included a series of events of tourism and banking cooperation, including Senior Officials Meeting at technical level of central banks of CLMV group, Conference of Central Bank Governors of CLMV, Forum on Connecting Tourism and expanding Cooperation in Banking Sector, and high level bilateral meetings.
At the meeting, the Central bank Governors of CLMV held on July 30, Governors and Deputy Governors of CLMV updated and shared information on macroeconomic movements, the results of monetary policy management of each country, discussion on resolutions and action plan to push up the cooperation between four central banks as well as banking system.
For macroeconomic and monetary policy regulation, Governors of CLMV expressed their pleasure to acknowledge the noticeable achievements of economic growth, inflation curbing and financial market stability in the context of complicated movements of the international economy.
Governors also highly appreciated the SBV performance over the past five years that contributed effectively to macroeconomic stability and monetary policy regulation. CLMV leaders recognized the SBV contribution for its sharing useful experience on monetary policy regulation, and banking management and cooperation.
The CLMV Governors and Deputy Governors obtained consensus on the need of improving capacity to achieve practical progresses in banking cooperation, and committed to accelerate cooperation and mutual assistance in such field as monetary policy regulation, banking inspection and supervision, especially for the nations having bank presence in inter – border locations.
The CLMV Governors agreed on the plan of formulation of Working Group to boost the cooperation and the connection of banking sector among CLMV countries; concurrently the leaders assigned the Working Group to formulate terms of reference of the Group performance to submit the Governors on the occasion of SEACEN Governor Summit to be held at Nay Pyi Taw, Myanmar in November this year.
These above mentioned content of discussions and commitments had been presented by SBV leader, on behalf of the four countries, at the forum “Four countries – one destination: Connecting Tourism and expanding Cooperation in Banking Sector” that was held on the afternoon of July 31, 2016.
* Earlier on July 30, 2016, Deputy Governor Nguyen Kim Anh had a meeting with Madam Khin Saw Oo, Deputy Governor of the Central Bank of Myanmar.
The two sides reviewed the implementation of Memorandums signed by the two central banks and concluded the specific cooperation plan, including more frequent exchange of the high senior and technique delegations to enhance experience sharing in the fields the two sides interested in.
On this occasion, SBV Deputy Governor Nguyen Kim Anh on behalf of SBV Management Board expressed the SBV gratitude to the Management Board and Governor of the Central Bank of Myanmar for facilitating Vietnam credit institutions to operate effectively in Myanmar, including the branch of the Bank for Investment and Development of Vietnam (BIDV) in Yangon. The BIDV branch in Myanmar is the first branch of Vietnam bank system as well as the first bank of CLMV countries presented in Myanmar.
The Forum “Four countries – one destination: Connecting Tourism and expanding Cooperation in Banking Sector” was co-hosted by Myanmar Ministry of Hotels and Tourism in coordination with tourism agents, Central banks of Cambodia, Laos and Vietnam with the sponsorship of the BIDV and the Association of Vietnamese Investors in Myanmar (AVIM).