Cambodia and Vietnam agreed to promote further development in their banking sectors, especially to boost cooperation on the border payment system integration project.

The decision was taken during a meeting last Friday in Hanoi, Vietnam, between Chea Serey, Governor of the National Bank of Cambodia (NBC) and Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV).

Serey and Hong exchanged views on the economic, political and monetary situation as well as the development of the banking sector of the two countries. Also, they discussed the progress of cooperation on the cross-border payment system integration project, said an NBC press release.

“The 2024 bilateral meeting is aimed at strengthening and expanding bilateral cooperation to promote the further development of the banking sector between the two countries,” the release further said.

“We successfully completed our annual bilateral meeting between NBC and SBV. This annual meeting aimed to strengthen friendship and collaboration between the two central banks by sharing experiences and learning from each other,” Serey said.

Cambodia and Vietnam on December 3, 2023, officially launched a project to connect cross-border QR payment systems to promote tourism, trade and investment between the two countries.

Source: Khmer Times
 

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