Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong had a meeting with the Delegation of The Communist Party of the Russian Federation (CPRF).
The meeting was attended by representatives from SBV International Cooperation Department, Foreign Exchange Management Department, Payment Department and Banking Supervision Agency; CPRF representatives led by Comrade Leonid Ivanovich Kalashnikov, Member of the Presidium - Secretary of the Central Committee of the CPRF, and head of the committee on Commonwealth of Independent States Affairs, Eurasian Integration and Relations with Compatriots.
At the meeting, Deputy Governor Nguyen Thi Hong welcomed the working visit of CPRF Delegation to the SBV. The SBV Deputy Governor briefed the context of trading – economic relationship between the two sides, especially in finance and banking sector.
In terms of banking sector, the cooperative ties between Vietnam and Russian Federation are consolidated and developed. The authorities of banking and monetary industries of the two sides have signed a number of fundamental cooperation agreements. Especially, the two sides formulated the Working Group Vietnam – Russia on inter-bank cooperation in the framework of Vietnam - Russia Intergovernmental Committee co-hosted by The Bank of Russia and the State Bank of Vietnam with the participation of commercial banks from the two countries. The main cooperative fields in the framework of the working group include: Strengthening agent relations between the banks of the two countries; Establishing Vietnam - Russia Joint Venture Bank (VRB); Operating the bilateral trade payment system in local currencies; Connecting the card payment system.
Overview of the meeting
Moreover, SBV Deputy Governor Nguyen Thi Hong stated that Vietnam always welcome and facilitate for foreign investors in general and Russian investors in particular.
From his part, Comrade Leonid Ivanovich Kalashnikov sincerely thanked to SBV Deputy Governor Nguyen Thi Hong for warmly welcoming the Delegation and providing valuable information on Vietnam socio-economy as well as banking activities. He highly appreciated the traditional friendship cooperation between Vietnam and Russia. He affirmed that Vietnam is considered as Russia’s close friend and siblings with a traditional cooperation between the two countries. The Communist Party of the Russian Federation determined to maintain cooperative principles with Vietnam.
VA