Vietnamese and Lao banks should strengthen experience exchange and investment cooperation, making practical contributions to bilateral ties as well as the development of each country.

Deputy Prime Minister Nguyen Sinh Hung made this statement while receiving Governor of the Central Bank of Laos (CBL) Bounsong Sommalavong in Hanoi on May 23.

Deputy PM Hung applauded the Lao Central Bank Governor’s visit, saying that it would help foster the relationship between the two countries, especially in the banking and securities sectors.

He said he wished that based on the traditional friendship, special solidarity and comprehensive cooperation between the two Parties, two States and two peoples, the two sides will facilitate their banks’ operations as well as strengthen cooperation in improving financial and stock markets.

“ Vietnam is ready to share experience and closely coordinate with Laos in solving difficulties, helping to bring the bilateral relations to a new level of development,” he said.

For his part, Governor Bounsong Sommalavong vowed to create favourable conditions for Vietnamese banks to operate in Laos .

He expressed his desire to continue receiving active cooperation and support from Vietnam’s banks, adding that the Lao Development Bank and the Vietnam Bank for Trade and Industry (Vietinbank) signed a cooperative agreement during the visit./.