Vietnam, Cambodia’s central banks look to foster partnership
Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.
Phnom Penh (VNA) – Leaders of the State Bankof Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh onSeptember 16 at an annual conference to share experience in macro-economymanagement, especially in finance-banking, and seek ways to strengthencooperation in personnel training.
Addressing the event, NBC Governor CheaChanto noted thatafter its establishment in 1979, the bank faced many difficulties along with ashortage in personnel, capital and other conditions. In that period, itreceived helpful support from the SBV in technology, personnel training,equipment and the banking system building, he highlighted.
On the occasion, CheaChanto thanked the SBV for theassistance which he saidhas contributed to the development of the bankingsystem of Cambodia.
The NBC leader highlighted the efficiency ofcooperationbetween the two sides, especially Vietnam’s support in personnel trainingthrough offering scholarships to officials and staff of the NBC to study inVietnam.
The official lauded the contributions by bankingorganizations of Vietnam to the economic growth of Cambodia.
Currently, the country is hosting five Vietnamese banks –BIDV, Agribank, MB, Sacombank, and SHB.
During the conference, the Vietnamese banks received answersto their questions regarding legal issues and business regulations.
For his part, SBV Governor Le Minh Hung said that the bankis proud to contribute to the growth of the NBC, expressing his delight at theimpressive growth of the Cambodian economy.
Hung held that amidst the gloomy world economy withcomplicated developments, the partnership between the two central banks willhelp boost the growth of both countries.
Since the last conference in 2018 in Vietnam, the two sideshave exchanged experiences in various issues, including exchange rates, theautomation in gathering and processing information of the foreign currencymarket, and researching in developing the market./.
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At the meeting (Photo: VNA) 
