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Source: Socialist Republic of Vietnam

Addressing the event, Deputy Governor of the State Bank of Vietnam Nguyen Kim Anh congratulated the CAIBA association for its 10th anniversary while welcoming the establishment of the APTIBCM cooperation mechanism in 2019.

She also reviewed Vietnam’s results in response to the coronavirus pandemic aiming to quickly restore economic and social activities.

The participating banks all emphasised the necessity to strengthen close cooperation between member banks, particularly in the current difficult period.

They also made proposals to strengthen bilateral and multilateral cooperation activities among member banks in order to enhance the effectiveness and role of CAIBA association and APTIBCM cooperation mechanism, thereby contributing to common development and prosperity in the region.

Under the theme of “Deepening financial cooperation for sustainable growth in a Post- Pandemic World”, the guests and member banks discussed the major issues of the finance – banking industry in the current period, particularly experiences in coping with the impacts of COVID-19.

According to Chairman of BIDV’s Board of Directors, Phan Duc Tu, over the past 10 years, on the basis of common interests and prosperity of the region, member banks of the association have fostered their bilateral and multilateral cooperation and financial connectivity to enhance the role of the association in the region.

In particular, on the foundation of CAIBA association, the cooperation mechanism of ASEAN Member Banks and China Development Bank, Korea Development Bank, and Japan Bank for International Cooperation was established to open more opportunities for all parties, contributing to the development of the ASEAN+3 Region, Tu noted.

Member banks also shared information, experiences and assessments on topics regarding regional cooperation in response to COVID-19 and post-pandemic recovery, banking digitisation during and after the pandemic, and the support for small and medium-sized enterprise (SME) customers who were hit hard during and after the pandemic.

In addition, the member banks signed a Joint Statement, demonstrating the determination of CAIBA and APTIBCM member banks in implementing a variety of specific contents to deal with the COVID-19 pandemic.

MIL OSI Asia Pacific News