PM Nguyen Xuan Phuc hails Vietnam-Laos banking cooperation

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The PM briefed his guest on outcomes of the 41st meeting of the Vietnam-Laos Inter-Governmental Committee, which he chaired alongside his Laos counterpart Thongloun Sisoulith in Hanoi on January 5-6.

Prime Minister Nguyen Xuan Phuc (right) and Governor of the Bank of the Lao PRD Sonexay Sitphaxay.

The two sides reviewed collaboration in 2018 and agreed on a cooperative plan for 2019, focusing on raising two-way trade by at least 10 percent as compared with the previous year, he said. 

PM Phuc affirmed that Vietnam stands ready to assist the Lao Government in economic stabilisation and development. 

He asked SBV Governor Le Minh Hung to instruct the banking sector to aid the BOL, suggesting sending experts to Laos to help improve professional knowledge for BOL officials. 

The leader expressed his belief that Vietnam and Laos will work together to realise initiatives and agreements reached by their leaders, covering sectors which the BOL and the Lao Government are interested in. 

For his part, Sonexay Sitphaxay said he is glad to attend the SBV’s conference to put forth tasks for 2019 the same day, saying through the event, the Lao side has learnt from the Vietnamese central bank’s experience in management. 

He noted his hope for more cooperation, support and experience sharing from Vietnam in the fields of finance and banking.

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