Cambodian, Vietnamese Central Banks Satisfied with Bilateral Cooperation

The Central Banks of Cambodia and Vietnam have lauded the progress of their bilateral cooperation which has contributed significantly to the development of the banking and economic sectors of the two countries.

The satisfaction was expressed by H.E. Chea Chanto, Governor of the National Bank of Cambodia (NBC) and H.E. Ms. Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV) at the Annual Bilateral Meeting 2020 between the two central banks, held via Videoconference on Dec. 9, according to an NBC’s press release.

The SBV appreciated the Royal Government of Cambodia for having maintained macroeconomic stability by keeping the prices and exchange rate stability, tightening the banking system stability and controlling well the spread of COVID-19.

H.E. Chea Chanto thanked the Vietnamese government for continuing to provide scholarships through the SBV for the NBC’s officials to pursue their master’s and doctorate degrees in Vietnam.

The annual meeting was aimed to foster the cooperation and ties of friendship between NBC and SBV. It set work priorities and agreed to continue the cooperation under the memorandum of understanding updated in February 2017.

The meeting also agreed to expand the scope of exchanges of experience and information, strengthen cooperation especially in supervising banks with cross-border operations and the development of payment system connectivity as well as human resource development.