Egypt’s Central Bank, Vietnam’s SBV ink MoU to boost cooperation

The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27.

Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian capital Cairo on Thursday. “The signed agreement promotes the exchange of views and viewpoints between the parties on the application of international supervisory banking principles, as well as works for a bilateral dialogue between Central banks on monetary policy and foreign monetary policy matters, aiming to boost development and growth in both countries, as well as train staff in the banking sector, sharing experiences and general information regarding amendments and developments in banking laws and regulations”, the  statement said.

Lu Quand led a delegation to Egypt to discuss ways to boost its cooperation with the Arab country in the trade sector.