The State Bank of Vietnam and the Central Bank of Thailand signed a memorandum of understanding (MoU) on exchanging information on inspection and supervision of state banks on April 6.
The signatories were Vietnamese State Bank Governor Nguyen Van Giau and his Thai counterpart Tarisa Watanagase.
The signing, which took place at the Vinpearl Land resort in the central city of Nha Trang, was aimed at enhancing the national financial safeguard mechanism, exchanging information in banking supervision and ensuring the safe and healthy operation of the financial system of each country.
The MoU is considered as a foundation for credit institutions in Vietnam and Thailand to open representative offices in the other country. It also creates a framework for cooperation and the exchange of information on supervision and management of the two countries’ central banks.
The two sides concurred that they saw this cooperation as part of the expansion of regional and global financial cooperation to resolve the impacts of the global crisis and that it would bring remarkable benefits.
The signing was an activity on the sidelines of the 6th ASEAN Central Bank Governors’ Meeting (ACGM 6), which will take place at the same place on April 7./.
The signatories were Vietnamese State Bank Governor Nguyen Van Giau and his Thai counterpart Tarisa Watanagase.
The signing, which took place at the Vinpearl Land resort in the central city of Nha Trang, was aimed at enhancing the national financial safeguard mechanism, exchanging information in banking supervision and ensuring the safe and healthy operation of the financial system of each country.
The MoU is considered as a foundation for credit institutions in Vietnam and Thailand to open representative offices in the other country. It also creates a framework for cooperation and the exchange of information on supervision and management of the two countries’ central banks.
The two sides concurred that they saw this cooperation as part of the expansion of regional and global financial cooperation to resolve the impacts of the global crisis and that it would bring remarkable benefits.
The signing was an activity on the sidelines of the 6th ASEAN Central Bank Governors’ Meeting (ACGM 6), which will take place at the same place on April 7./.
