Vietnamese, Cambodian state banks foster partnership

Friday, 2017-02-17 10:50:25
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At the conference (Photo: VNA)
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NDO/VNA—Governor of the State Bank of Vietnam (SBV) Le Minh Hung and Governor of the National Bank of Cambodia (NBC) Chea Chanto have agreed to step up the two banks’ win-win cooperation.

At a conference between the SBV and the NBC in the ancient city of Siem Reap on February 17, they agreed to hold the conference annually and increase cooperation to implement agreements that have been reached on border trade payment, banking supervision and anti-laundering and counterfeit money.

They also noted the acceleration of cooperation with Laos and Myanmar.

Apart from assistance with university education, the SBV will provide an additional fifteen post-graduate scholarships for Cambodian graduates in banking a year from 2017.

The two sides committed to making it easier for commercial banks to establish partnerships and commerce and trade presence in the respective countries with the aim of spurring the banking system’s growth and better serving the operations of respective businesspeople and investors.

At the end of the conference, Governors Le Minh Hung and Chea Chanto signed a memorandum of understanding on cooperation between the two banks.