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SBV Deputy Governor visits France and Italy
Deputy Governor Nguyen Dong Tien of the State Bank of Vietnam (SBV) paid working visits to the Bank of France (BoF) and the Bank of Italy (BoI) from December 13 to 21 with the company of senior representatives from SBV and the State Treasury. The visits aimed at learning from the experiences in conducting auctions of the Government’s bills and bonds of these two countries.
BoF Governor Christian Noyer and BoI General Director Fabrizio Saccomanni had warm welcome meetings with Deputy Governor Nguyen Dong Tien and his delegation at their head offices.
At these two meetings, the central bankers exchanged their views on the economic situation of the Euro zone and the rest of the world in the context of the current global financial crisis. Additionally, the Vietnamese guests were informed that the economy of the European Union is expected to suffer from a minus growth rate in 2009, but the close coordination of the member central banks of the Euro zone and the European Central Bank and the proper fiscal policies will help Europe to regain the growth momentum in Mid-2009.
In addition, the BoF and BoI leaders spoke highly of the achievements of the Vietnamese Government in general and the SBV in particular, and expressed their strong hope for further cooperation between their central banks and the SBV.
For his part, Deputy Governor Nguyen Dong Tien briefed the French and Italian hosts of the successes of Vietnam in maintaining its economic growth at a relatively high rate and in managing an appropriate monetary policy to curtail inflation and stabilize macro-economy.
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