Wednesday, March 20 2019

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PM hails Việt Nam-Laos banking cooperation

Update: January, 10/2019 - 09:00
Prime Minister Nguyễn Xuân Phúc (right) and Bank of the Lao PRD Governor Sonexay Sitphaxay. — VNA/VNS Photo Thống Nhất
Viet Nam News

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc lauded the co-operation between the State Bank of Việt Nam (SBV) and the Bank of the Lao PRD (BOL) in recent years while receiving BOL Governor Sonexay Sitphaxay in Hà Nội on Wednesday.

The two sides reviewed collaboration in 2018 and agreed on a co-operative plan for 2019, focusing on raising two-way trade by at least 10 per cent compared with the previous year, he said. 

PM Phúc affirmed that Việt Nam stands ready to assist Laos in economic stabilisation and development.

He asked SBV Governor Lê Minh Hưng to instruct the banking sector to aid the BOL, suggesting sending experts to Laos to help improve professional knowledge for BOL officials. 

The leader expressed his belief that Việt Nam and Laos will work together to realise agreements reached, covering sectors which the BOL and the Lao government are interested in. 

For his part, Sonexay Sitphaxay said he was glad to attend the SBV’s conference to put forth tasks for 2019, saying through the event, the Lao side learnt from the Vietnamese central bank’s experience in management. 

He expressed his hope for more co-operation, support and experience sharing from Việt Nam in finance and banking. — VNS

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