NBC, SBV Strengthen Cooperation

National Bank of Cambodia (NBC) and State Bank of Vietnam (SBV) have recently held a bilateral meeting here in Siem Reap cultural province to discuss their bilateral cooperation.

H.E. Chea Chanto, Governor of NBC presided over the event with H.E. Le Minh Hung, Governor of SBV.

According to an NBC’s press release, the meeting aimed at strengthening solidarity, friendship and traditional cooperation that both institutions and countries have had for a long period of time.

In this meeting, it pointed out, the two central banks exchanged information with regard to macroeconomic and banking sector development as well as reviewed the recent progress and set priorities for further cooperation toward expanding and enhancing the traditional bilateral cooperation for the mutual benefits of the two central banks and countries.

Both sides also signed a new Memorandum of Understanding (MoU), which is an update to the 2007 MoU, in line with the progress of cooperation between the two central banks and the two countries’ economic, trade and financial linkages, said the same source, adding that this new MoU will enable the officials from both central banks to further extend and deepen their cooperation on various areas of central banking activities.

Source: Agency Kampuchea Press