Japans Central Bank Helps Vietnam Fight Inflation
The Bank of Japan will send its executives to Vietnam to help improve management capacity of the State Bank of Vietnam by teaching the know-how of stabilizing economic condition to fight against inflation, the To Quoc (Fatherland) online newspaper reported.
It is part of a Memorandum of Understanding signed by the Japan International Cooperation (JICA) and the State Bank of Vietnam (SBV) in Hanoi on August 22, the paper said.
Under the MoU, JICA will assist Vietnam's central bank to modernize its issue and vault operations, improve efficiency and safety of debt settlement system, and strengthen the banking supervision.
It also aims to build an effective information channel and promote partnership between the SBV and the BOJ and Japan’s Ministry of Finance.
The BOJ plans to send its senior staffers for the next two years, starting from the end of this month. (
www.toquoc.gov.vn)
Vietnamese
