Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks.

At a conference by SBV and NBC in the ancient city of Siem Reap last week, both sides agreed to holding an annual conference and increasing co-operation to implement agreements on border trade payments, banking supervision, anti-money laundering and fighting counterfeiting. They also agreed to speed up co-operation with counterparts in Laos and Myanmar.

In addition to assistance in university education, SBV will provide an additional 15 post-graduate scholarships for Cambodian graduates in banking a year from 2017. The two sides committed to making it easier for commercial banks to establish partnerships and commercial presence in the respective country, towards spurring growth in the banking system and better serving the operations of respective businesses and investors. — VNS