From the SBV, the meeting was attended by representatives from the International Cooperation Department, the Monetary and Financial Stabilization Department for Forecasting and Statistics, and the Department of Banking System Safety.
During the meeting, Deputy Governor Nguyen Ngoc Canh discussed with the guests the outcomes of the SBV’s monetary policy management, which played a role in ensuring macroeconomic stability and controlling inflation in Vietnam.
Deputy Governor Nguyen Ngoc Canh shared with the guests about the results of the SBV’s monetary policy management
Ms. Nicola Beer, Vice President of the EIB, shared with the SBV about its operations in Europe and the EIB-supported projects in Vietnam. Accordingly, the EIB has been supporting Vietnam with some key projects, including: the Project Agreement for Hanoi Metro Rail System Project (Line 3) worth 141 million Euros; the Environmental Credit Line Agreement in 2012 worth 150 million Euros; and the Project Agreement for Ho Chi Minh City Metro Rail System (Line 2) worth 150 million Euros.
Ms. Nicola Beer, Vice President of the European Investment Bank (EIB), shared about its operations in Europe
Deputy Governor Nguyen Ngoc Canh highly complimented the results of the cooperation between Vietnam and the EIB over the past 25 years. Since the two sides signed the Framework Agreement on Financial Cooperation (in 1997), the EIB has become one of Vietnam's important financing partners, focusing on infrastructure projects and climate change responses.
Especially in climate change responses, the EIB, as the “European Climate Bank”, has strongly supported Vietnam’s efforts, reflected by a number of Memoranda of Understanding (MoU) signed with Vietnamese agencies recently. They are the typical examples of the EIB’s commitment to support Vietnam in achieving net zero emissions by 2050.
The EIB wishes to support the SBV in promoting green finance and financing for renewable energy, clean transport, and sustainable infrastructure; thereby helping Vietnam attract more investment and build a resilient economy in order to benefit both the people and businesses.
The EIB Vice President also shared about the Greening Financial Systems technical assistance program (GFS Program), a joint program that the EIA has been implementing with many central banks and credit institutions around the world, and suggested that the SBV consider to receive and implement it in Vietnam.
Also at the meeting, the SBV sent its Expression of Interest to the EIB regarding the SBV’s participation in the EIB's GFS Program.
