On the occasion of Vietnam President Truong Tan Sang’s official visit to the Republic of Mozambique, Deputy Governor Nguyen Dong Tien of the State Bank of Vietnam (SBV) had a working visit with Governor Ernesto Goveia Gove of the Central Bank of Mozambique on March 12.
At the meeting, Deputy Governor Nguyen Dong Tien congratulated the effective collaboration between Vietnam and Mozambique on many sectors over the past time. He also expressed his belief that, in the coming time, the economic and trade cooperation of the two countries will continue to develop remarkably. However, the Deputy Governor asserted that, a part of Vietnamese enterprises including several commercial bank are still facing certain difficulties in accessing African market, such as lack of information, insufficient opportunities to exchange information with their business partners; the evaluation mainly basing on indirect information of the third party (for example credit rating agencies); the trade cooperation operates below the potentials causing the consideration in making investment decision. The Deputy Governor said that for effective developing the potentials of trade and investment cooperation, the two countries may need to accelerate the cooperation via an official scheme like Inter - Governmental Council, trade promotion agency, and bilateral cooperation between the two central banks.
Regarding to the collaboration of banking sector, SBV Deputy Governor Nguyen Dong Tien and Governor of Mozambique Central Bank Ernesto Gouveia Gove highly appreciated the implementation results of the Memorandum of Understanding on cooperation between the State Bank of Vietnam and Mozambique Central Bank signed on April 2014 and agreed to accelerate the MoU implementation in defined activities. The two central bank leaders had determined to promote a number of activities such as exchanging training, study tours, and exchanging information on banking and supervision.
VMH