Vietnam, Cambodia’s central banks look to foster partnership
Addressing the event, NBC Governor CheaChanto noted that after its establishment in 1979, the bank faced many difficulties along with a shortage in personnel, capital and other conditions. In that period, it received helpful support from the SBV in technology, personnel training, equipment and the banking system building, he highlighted.
On the occasion, CheaChanto thanked the SBV for the assistance which he saidhas contributed to the development of the banking system of Cambodia.
The NBC leader highlighted the efficiency ofcooperation between the two sides, especially Vietnam’s support in personnel training through offering scholarships to officials and staff of the NBC to study in Vietnam.
The official lauded the contributions by banking organizations of Vietnam to the economic growth of Cambodia.
Currently, the country is hosting five Vietnamese banks – BIDV, Agribank, MB, Sacombank, and SHB.
During the conference, the Vietnamese banks received answers to their questions regarding legal issues and business regulations.
For his part, SBV Governor Le Minh Hung said that the bank is proud to contribute to the growth of the NBC, expressing his delight at the impressive growth of the Cambodian economy.
Hung held that amidst the gloomy world economy with complicated developments, the partnership between the two central banks will help boost the growth of both countries.
Since the last conference in 2018 in Vietnam, the two sides have exchanged experiences in various issues, including exchange rates, the automation in gathering and processing information of the foreign currency market, and researching in developing the market.
Related News
Bright spots at the beginning of the year
10:51 | 23/03/2024 Headlines
Shareholders expect the shareholder meeting season
10:20 | 18/03/2024 Headlines
Vietnam experiences a trade surplus of over US$11 billion in two months
13:47 | 15/03/2024 Import-Export
The Minister of Finance chaired the Vietnam - Korea Financial Investment Promotion Conference
09:50 | 11/03/2024 Finance
Latest News
Central bank urges card issuers to review procedures
14:40 | 27/03/2024 Finance
Warning about impersonating tax authorities to commit fraud during tax finalization month
10:22 | 27/03/2024 Finance
“3 priorities, 3 breakthroughs” in task deployment of State Treasury
10:19 | 27/03/2024 Finance
Effectively apply M&A to go long distance
09:51 | 26/03/2024 Finance
More News
Hanoi State Treasury proactively digitizes and transforms operating methods
10:15 | 25/03/2024 Finance
The Ministry of Finance continues to strongly improve the business environment, reducing the rate of businesses temporarily suspending operations
19:40 | 24/03/2024 Finance
Vietnam tackles obstacles to stock market upgrade
19:28 | 24/03/2024 Finance
Looking forward clear instructions in tax finalization in 2023
15:40 | 24/03/2024 Finance
Proactive in dealing with exchange rate pressure
10:49 | 23/03/2024 Finance
Tax sector accompanies and supports tax finalization
09:34 | 21/03/2024 Finance
Minister of Finance: Fairness and transparency for the insurance market
14:37 | 20/03/2024 Finance
Vietnamese securities companies race to boost capital amid high market demand
14:36 | 20/03/2024 Finance
Central bank required to take urgent measures to stabilise gold market
14:33 | 20/03/2024 Finance
Your care
Central bank urges card issuers to review procedures
14:40 | 27/03/2024 Finance
Warning about impersonating tax authorities to commit fraud during tax finalization month
10:22 | 27/03/2024 Finance
“3 priorities, 3 breakthroughs” in task deployment of State Treasury
10:19 | 27/03/2024 Finance
Effectively apply M&A to go long distance
09:51 | 26/03/2024 Finance
Hanoi State Treasury proactively digitizes and transforms operating methods
10:15 | 25/03/2024 Finance