BIDV Highlights
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Deepening financial cooperation for sustainable growth impacts in order to promptly restore socio-economic activities. “The State Bank of Vietnam always supports and encourages cooperation mechanisms between financial institutions in the region such as the CAIBA and APTIBCM for strengthening financial products and services for regional economic development”, said Mr. Nguyen Kim Anh.
Representatives of member banks and observing banks attend the virtual CAIBA meeting
On 10 November in Hanoi, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) co-hosted the 10th CAIBA Executive Board Meeting and ASEAN+3 Interbank Cooperation Mechanism 2020 Meeting (APTIBCM).
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he meeting has the great honor to welcome Mr. Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam and representatives from the International Cooperation Department of the State Bank of Vietnam; Mr. Deng Xijun - Ambassador Extraordinary and Plenipotentiary of China to ASEAN, representatives of the Vietnam Banks Association, and nearly 70 banking leaders and experts from the member banks and observing banks of CAIBA and APTIBCM.
The year 2020 marks the 10-year establishment and development of CAIBA. This is also the first time the CAIBA Executive Board Meeting has virtually been held. Under the theme of "Deepening financial cooperation for sustainable growth in a post-pandemic world", the guests and representatives of member banks as well as observing banks of CAIBA and APTIBCM joined to share and exchange key issues of the finance - banking industry in the current period, especially sharing experiences in coping with the impacts of Covid-19. Addressing the meeting, Mr. Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam congratulated CAIBA Association on its 10th anniversary and applauded the ASEAN+3 Interbank Cooperation Mechanism which was established in 2019. On this occasion, the Deputy Governor also reviewed the results achieved by Vietnam in response to the pandemic’s
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B I D V review
In the meeting, the banks emphasized the need to promote greater cooperation among member banks, especially in the current difficult time of the economies. Besides, they also proposed the solutions to encourage bilateral and multilateral cooperation activities among member banks in order to enhance the effectiveness and active role of CAIBA Association and APTIBCM Cooperation Mechanism, which thereby would contribute to the achievement of shared prosperity in the region. “Over the past 10 years, on the basis of shared interests and for the prosperity of the region, the Association's member banks have strengthened their bilateral and multilateral cooperation and financial connectivity, which enhances the role of the Association in the region” affirmed Chairman of BIDV's Board of Directors, Mr. Phan Duc Tu. “In particular, on the foundation of CAIBA Association and the consensus of member banks, the cooperation mechanism of ASEAN Member Banks and CDB, KDB, JBIC have been established to further expand collaboration and open more opportunities for all parties,
