PM Nguyen Xuan Phuc hails Vietnam-Laos banking cooperation

Prime Minister Nguyen Xuan Phuc lauded the diverse and intensive cooperation between the State Bank of Vietnam (SBV) and the Bank of the Lao PRD (BOL) in recent years while receiving BOL Governor Sonexay Sitphaxay in Hanoi on January 9.

Prime Minister Nguyen Xuan Phuc (right) and Governor of the Bank of the Lao PRD Sonexay Sitphaxay (Photo: VNA)


Hanoi (VNA) – Prime Minister Nguyen XuanPhuc lauded the diverse and intensive cooperation between the State Bank ofVietnam (SBV) and the Bank of the Lao PRD (BOL) in recent years while receivingBOL Governor Sonexay Sitphaxay in Hanoion January 9.  

The PM briefed his guest on outcomes of the 41st meeting of theVietnam-Laos Inter-Governmental Committee, which he chaired alongside his Laoscounterpart Thongloun Sisoulith in Hanoi on January 5-6.

The two sides reviewed collaboration in 2018 and agreed on a cooperative planfor 2019, focusing on raising two-way trade by at least 10 percent as comparedwith the previous year, he said.

PM Phuc affirmed that Vietnam stands ready to assist the Lao Government ineconomic stabilisation and development.

He asked SBV Governor Le Minh Hung to instruct the banking sector to aid theBOL, suggesting sending experts to Laos to help improve professional knowledgefor BOL officials.

The leader expressed his belief that Vietnam and Laos will work together torealise initiatives and agreements reached by their leaders, covering sectors whichthe BOL and the Lao Government are interested in.

For his part, Sonexay Sitphaxay said he isglad to attend the SBV’s conference to put forth tasks for 2019 the same day,saying through the event, the Lao side has learnt from the Vietnamese centralbank’s experience in management.

He noted his hope for more cooperation, support and experience sharing fromVietnam in the fields of finance and banking.-VNA
VNA

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