|
SBV’s external relations further develop in 2008
Together with the achievements of monetary policy management, 2008 has marked a significant milestone in enhancing the SBV’s international cooperation, especially the development of cooperation with international financial institutions.
Specifically, the SBV successfuly hosted, for the first time, the ASEAN Governor and Deputy Governor Meetings. At the ADB Annual Meetings , SBV Governor Nguyen Van Giau co-chaired the Board of Governors’ meetings. In another event, at the IMF/WB Annual Meetings, the SBV Governor was selected as the chairman of the IMF/WB Board of Governors’ Meetings in Istambul next year.
Until November, Vietnam completed negotiations with the WB and ADB for 16 programs and projects totaling USD 1.7 billion, of which 8 projects financed by WB totaling USD 992 million, and 4 projects funded by ADB with the total value of USD 533.2 million; 5 other projects funded by ADB which were negotiated in 2007 totaling USD 1,396 million; additionally SBV signed 14 technical assistance memoranda of understanding with the total value of USD150 million.
In the field of international integration of the banking sector in the post-WTO accession , SBV has fully and effectively fulfilled its tasks in line with the roadmap and schedule set in WTO banking commitments. Especially, in 2008 only, SBV has granted licenses to 3 wholly-foreign banks, namely the Hongkong and Shanghai Banking Corporation Limited (HSBC), the Standard Chartered Bank and the Australia and New Zealand Banking Group Limited (ANZ).
In 2009, SBV will continue to enhance cooperation with numerous foreign central banks, international monetary and financial institutions; intensively implement the roadmap of open monetary market in accordance with Vietnam’s commitments to WTO; to carry out other bilateral and multilateral commitments; and to prepare for taking Chairmanship of the Board of Governors at the IMF/WB 2009 Annual Meeting.
SBV
|
