PM greets Thailand’s Central Bank Governor
14:05 | 05/08/2019

VGP – PM Nguyen Xuan Phuc hosted a reception for Thailand’s central bank Governor Veerathai Santiprabhob on August 5 in Ha Noi. 

PM Nguyen Xuan Phuc (R) and Thailand’s central bank Governor Veerathai Santiprabhob, Ha Noi, August 5, 2019 – Photo: VGP/Quang Hieu

PM Phuc welcomed Governor Veerathai Santiprabhob who is leading a delegation of Thailand’s central bank to Viet Nam for a bilateral meeting with the State Bank of Viet Nam (SBV). 

The host leader applauded the Bank of Thailand and the SBV for boosting cooperation, signing and implementing important documents which forged important steps for cooperation between Viet Nam and Thailand.

PM Phuc was convinced that the strategic partnership would flourish especially in trade and investment. So far, Thailand was the largest trade partner of Viet Nam in ASEAN. Two-way trade turnover hit US$ 17.3 billion in 2018 and is targeted to reach US$ 20 billion in 2020. Thailand was the 10th largest investor out of 116 countries and territories in Viet Nam and ranked third in ASEAN with over US$ 8 billion registered capital. 

Viet Nam said PM Phuc always spares no effort to support Thai investors and protect legitimate rights of investors and enterprises. 

According to PM Phuc, Viet Nam has maintained stable macro-economic performance and exchange rates, hoping to shake hands with Thailand to respond to upheavals in the world economy.

The Government also supports the SBV to broaden cooperation with the Bank of Thailand in online payment.  

In reply, Governor Veerathai Santiprabhob suggested the two sides boost financial and banking linkage in favor of cooperation in economics, trade and investment especially cutting costs and facilitating payment for investors and enterprises.

The guest leader also proposed the two sides beef up cooperation in banking supervision, cross-border transactions. 

Thailand, said the Governor always backs Viet Nam’s initiatives in ASEAN especially in finance and banking. 

In the era of the fourth industrial revolution, Viet Nam would enjoy numerous opportunities to flourish especially in e-payment towards non-cash society. The two central banks would also gain big cooperative opportunities, said Mr. Veerathai Santiprabhob.

The Bank of Thailand said Governor Veerathai Santiprabhob stands ready to share experience and work with the SBV to boost financial connectivity and other banking services./.

By Khanh Phuong 

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