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SBV Deputy Governor discusses banking issues with Donor Group
The State Bank of Vietnam (SBV) and the World Bank (WB) co-organized the Financial Sector Donors Meeting in Hanoi on November 28. The meeting, which was chaired by SBV Deputy Governor Nguyen Dong Tien, was attended by Mr. Noritaka Akamatsu, WB Program Coordinator of Financial Sector, and representatives from Agence Française de Development (AFD), the Asian Development Bank (ADB), Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH (German Society for Technical Cooperation), the United States Agency for International Development (USAID), the Vietnam Competitiveness Initiative (VNCI) and others.
The SBV Deputy Governor informed that in the context of deepening the international economic integration, the Vietnamese banking sector is actively carrying out the Master Plan on Vietnamese Banking Sector Development up to 2010 and its orientation to 2020 with the effective support and assistance of the donor community. He added that the issuance of Decree No. 96/2008/ND-CP of August 26, 2008 on functions, tasks, powers and organizational structure of SBV is a big step of this Plan. Under this Degree, SBV is reorganized into professional group, policy group, governance group, and supervision and auditing group. The reorganization will help SBV manage the monetary policy in a more proactive, flexible and effective manner.
The Deputy Governor took this occasion to speak highly of the assistance provided by several donors for SBV in drafting the Law on the State Bank of Vietnam, the Law on Credit Institutions, the Law on Deposit Insurance and the Law on Banking Supervision.
On behalf of the SBV Management Board, Mr. Nguyen Dong Tien expressed his sincere thanks to all the donors for their valuable and wholehearted assistance and support over the past years, and wished for their further assistance and support in the coming time in order to help the Vietnamese banking sector to effectively cope with the global financial crisis while successfully carrying out the banking reform in the context of continued international integration.
VTH
SBV
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