VN bank governor attends regional meetings in Turkey
Governor of the State Bank of Vietnam
(SBV) Nguyen Van Giau attended an unofficial ASEAN state bank
governors’ meeting on Oct. 3 in Istanbul, Turkey.
Governor of the State Bank of Vietnam
(SBV) Nguyen Van Giau attended an unofficial ASEAN state bank
governors’ meeting on Oct. 3 in Istanbul, Turkey.
ASEAN bank governors focused their discussion on measures to boost cooperation among regional state banks, facilitating trade and investment in the region.
The meeting was held on the sidelines of the ongoing annual meeting of the International Monetary Fund and the World Bank.
Also, Governor Giau chaired the signing of a memorandum of understanding (MoU) on the extension of the ASEAN Swap Arrangement (ASA) between regional governors. The SBV is an ASA agent bank.
Under the MoU, ASA will be extended by two years from November 17, 2009 to November 17, 2011 and become a basis for regional state banks to provide mutual assistance when facing temporary difficulties in balance of payment.
While in Istanbul, Governor Giau attended a session of the Southeast Asian Group of the IMF/WB meeting. The meeting discussed a series of issues such as supervision, governance and quotas in order to raise the voice of smaller economies to ensure they reap benefits from cooperation. Participating countries reviewed the WB’s financial capacity, to confirm that the institution has sufficient financial resources to cope with the current crisis.
The SBV Governor also had working sessions with Egyptian Investment Minister Mahmoud Mohieldin to discuss measures to boost bilateral trade and investment, and Assistant to US Secretary of Finance Robert Dohner to compare notes on the impact of the global economic crisis on Vietnam and the government’s response.
During his stay in Istanbul for the annual IMF/WB meeting, Governor Giau met with the leaders of major banking and financial organisations such as HSBC, Citibank and Mizuho./.
ASEAN bank governors focused their discussion on measures to boost cooperation among regional state banks, facilitating trade and investment in the region.
The meeting was held on the sidelines of the ongoing annual meeting of the International Monetary Fund and the World Bank.
Also, Governor Giau chaired the signing of a memorandum of understanding (MoU) on the extension of the ASEAN Swap Arrangement (ASA) between regional governors. The SBV is an ASA agent bank.
Under the MoU, ASA will be extended by two years from November 17, 2009 to November 17, 2011 and become a basis for regional state banks to provide mutual assistance when facing temporary difficulties in balance of payment.
While in Istanbul, Governor Giau attended a session of the Southeast Asian Group of the IMF/WB meeting. The meeting discussed a series of issues such as supervision, governance and quotas in order to raise the voice of smaller economies to ensure they reap benefits from cooperation. Participating countries reviewed the WB’s financial capacity, to confirm that the institution has sufficient financial resources to cope with the current crisis.
The SBV Governor also had working sessions with Egyptian Investment Minister Mahmoud Mohieldin to discuss measures to boost bilateral trade and investment, and Assistant to US Secretary of Finance Robert Dohner to compare notes on the impact of the global economic crisis on Vietnam and the government’s response.
During his stay in Istanbul for the annual IMF/WB meeting, Governor Giau met with the leaders of major banking and financial organisations such as HSBC, Citibank and Mizuho./.