Monday, August 21, 2017 - 10:04:39

Vietnam, Lao state banks review operations

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The Governors of the State Bank of Vietnam and the Lao Central Bank met in Hanoi on December 17 to review their bank operations and monetary policy management.

Governor of the State Bank of Vietnam Nguyen Van Binh told his counterpart that the year 2013 is still a difficult year for Vietnam ’s economy.

He, however, pointed out that the Government’s sound instruction has brought back encouraging outcomes in economic activities, and monetary policy management.

According to Somphao Phaysith, Governor of the Lao central bank, there are now 32 banks operating in the country and five of which are branches of Vietnamese banks.

All of Vietnam ’s bank branches are running effectively, he added.

In 2013, the two central banks have exchanged officials for further training and sharing professional experience.

At the meeting, the two sides agreed to work harder together in the coming time, especially in the sharing of experience and expertise and personnel training.-VNA
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