
Hanoi (VNA) – Prime Minister Nguyen Xuan Phucexpressed his hope for stronger ties between the Vietnamese and Thai bankingsystems while receiving Governor of the Bank of Thailand (BoT) VeerathaiSantiprabhob in Hanoi on August 5.
The host leader noted with satisfaction that thetwo sides have signed and implemented many important cooperation documents, animportant prerequisite for the upcoming joint cabinet meeting.
He voiced his belief that the bilateralstrategic partnership will develop even more strongly, especially in trade andinvestment.
Thailand is currently the biggest ASEAN tradepartner of Vietnam with bilateral trade reaching 17.3 billion USD in 2018 andexpected to hit 20 billion USD in 2020. With the registered capital of over 8billion USD, it ranks 10th among the 116 countries and territories and thirdamong the ASEAN nations investing in Vietnam.
Vietnam always exerts every effort to supportThai investors, PM Phuc affirmed, noting that the two Governments have alsoworked hard to protect legitimate interests of their countries’ investors andbusinesses.
For his part, Santiprabhob said bilateralinvestment and trade links have been flourishing in recent years, and the BoTalways wishes to actively contribute to these partnerships.
Both sides should foster connections infinance–banking to bolster economic, trade and investment relations, he said,believing that they hold huge potential for cooperation in banking supervision,payment facilitation and cross-border transactions.
Thailand always supports Vietnam’s initiativewithin the framework of ASEAN and bilateral cooperation, including in thefinance–banking area, the BoT Governor added.
At the meeting, PM Phuc said Vietnam has gainedmany socio-economic attainments, yet it is still willing to learn Thailand’sexperience, particularly in macro-economic governance and the finance–bankingsector. It also wishes to work closely with Thailand to effectively cope with changesin the world.
As the BoT is crucial to businesses, Vietnamwill create the best possible conditions for bilateral partnerships, especiallythe BoT’s cooperation with the State Bank of Vietnam in e-payment, he said,considering the Thai central bank an important bridge greatly helping with thetwo countries’ strategic partnership in all fields.
Santiprabhob affirmed the BoT is ready to shareits experience and meet cooperation demand in financial connection and otherbanking services. -VNA