Prime Minister Nguyen Tan Dung has praised the cooperation between the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC), particularly an agreement signed during the NBC governor’s current working visit to Vietnam.
While receiving an NBC delegation led by its governor Chea Chanto in Hanoi on December 18, PM Dung said that the Vietnamese government and people will do their utmost to boost the friendly, cooperative and neighbourly relations between Vietnam and Cambodia in the interests of their people.
He welcomed Cambodia’s recent decision to license two Vietnamese banks to open their branches in the country, which he said will help increase the two countries’ trade value to US$2 billion by 2010 and encourage Vietnamese businesses to invest in Cambodia.
Governor Chanto said during his visit the two central banks exchanged views on the economic situation in their respective countries and on their activities in the areas of monetary policy, inspections and operation of credit organisations. They also signed a memorandum of understanding on the exchange of information regarding banking inspections to create a legal foundation for stricter management, more safety and security for their commercial banks.
He affirmed that Cambodia will create favourable conditions for Agribank and Sacombank, as well as other Vietnamese banks to open branches in his country.