State Bank of Vietnam strengthens relations with Cambodian partner

08:40 | 19/09/2019 Economy

The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) held a bilateral meeting in Phnom Penh, Cambodia on September 16 to exchange and share experiences on macroeconomic management, especially in finance and banking.

At the meeting

Speaking at the opening of the annual meeting held on the occasion of the 40th founding anniversary of the NBC, NBC Governor Chea Chanto expressed his thanks to SBV for its great assistance in terms of both technical and human resource training from the first days of its establishment to the present day.

He also highly appreciated the performance of Vietnamese banks in Cambodia, which are actively contributing to the development of the banking system as well as supporting the country's economic development.

He also affirmed that the NBC will continue to closely coordinate with the SBV in exchanging delegations and sharing cooperation information, contributing to further promoting comprehensive cooperation between the two countries.

In his speech at the meeting, SBV Governor Le Minh Hung affirmed that the SBV is proud to partly contribute to the current development of the NBC in particular and the Cambodian economy in general.

In the context that the global economy is experiencing complicated developments, the cooperation mechanism between the two central banks will help the two economies share experiences to further develop together, he noted.

As part of the bilateral meeting, the delegation of the SBV and Cambodian partners also spent time discussing solutions to remove difficulties and obstacles for five Vietnamese commercial banks operating in Cambodia, including Agribank, BIDC, MB, SHB and Sacombank.