Prime Minister receives Thailand’s central bank governor

Monday, 2019-08-05 16:18:11
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Prime Minister Nguyen Xuan Phuc and Thailand's central bank governor Veerathai Santiprabhob (Photo: Tran Hai)
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NDO - Prime Minister Nguyen Xuan Phuc hosted a reception on August 5 for Bank of Thailand (BOT) Governor Veerathai Santiprabhob, who is attending a bilateral meeting with the State Bank of Vietnam.

The Vietnamese leader said he wishes the two central banks and the two countries’ banking systems to forge a closer cooperation, helping to further develop the Vietnam-Thailand strategic partnership.

The PM expressed his belief that the strategic partnership will grow stronger, especially in trade and investment.

Thailand is currently Vietnam’s largest trading partner in ASEAN with total bilateral trade value reaching US$17.3 billion in 2018 and a goal of US$20 billion in 2020.

Thailand is also the tenth largest foreign investor in Vietnam with more than US$8 billion.

For his part, Governor Veerathai Santiprabhob stated that the two central banks needs to cooperate further in finance-banking in order to facilitate economic, trade and investment cooperation between the two countries.

He added that the two sides have good prospects for cooperation in bank monitoring, payment promotion, cross-border transactions and minimising banking risks in the digital age.

Prime Minister Phuc said Vietnam has recorded many socio-economic achievements but still wants to learn from Thailand’s experience in macroeconomic management, the market economy and the banking and financial sector.

He also underlined that the Vietnamese government will create all favourable conditions for the BOT to cooperate with Vietnam and supports the State Bank of Vietnam to expand cooperation with the BOT in electronic payment.