Vietnam, Italy share banking experience

Policies to stabilise the monetary market and finance small- and medium-sized enterprises (SMEs) topped the agenda of discussions between visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9.

Photo of visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9. (Source: VNA)

The host highlighted the role of the central bank and commercial banks in supporting SMEs and support industry as well as policies to monitor the banking system.

To stabilise monetary policies and better support SMEs, the Italian side suggested a close coordination between banks, enterprises and relevant agencies, adding that support activities should focus on measures to prevent crises, improve SMEs’ capacity and increase their access to capital sources.

On behalf of the Vietnamese delegation, Deputy Governor of the State Bank of Vietnam Dao Minh Tu affirmed what shared by the Italian side will be valuable experience for Vietnam , especially when the country is restructuring the banking system in general and the financial system in particular.

During the visit, the delegation is scheduled to work with Italy’s central bank, commercial banks and Ministry of Economic Development.

Source:VNA

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