Vietnam, China tie knot in banking

Prime Minister Nguyen Tan Dung on March 2 received the Chairman of China’s Bank of Communications (BOCOM) Hu Huai Bang, who is on a working visit to Vietnam.

According to PM Dung, the cooperation in economic, trade and investment between Vietnam and China is developing fruitfully with two-way trade reaching 25 billion USD.

The establishment of a BOCOM branch in Ho Chi Minh City, which opened on Feb. 28, would practically contribute to boosting the two countries’economic, trade and investment cooperation, he stressed.

The PM also expressed his belief that BOCOM would preserve and progress the fine relations with the State Bank of Vietnam, as well as commercial banks in the country, to beef up the development of Vietnam’s financial and monetary markets for mutual benefits.

For his part, Chairman Hu Huai Bang called on the Vietnamese government to always create favourable conditions for Chinese businesses in general and BOCOM in particular.

vietnamplus

>   Mobilised interest rates to be kept under control (03/03/2011)

>   SBV urges curb on loans for non-production activities (03/03/2011)

>   Techcombank wins Bank of New York’s award (03/03/2011)

>   Economists support Govt grip on forex, credits (03/03/2011)

>   Greenbacks starting to be offloaded (03/03/2011)

>   Banks ordered to prioritise lending for industry, farms (02/03/2011)

>   Raising required reserve to stabilize interest rate, official says (02/03/2011)

>   Gold, dollar continue marching south (02/03/2011)

>   Vietnam bank to punish lenders that fail to cut credit (02/03/2011)

>   Tax reductions proposed to ease burden on production sector (02/03/2011)