Tehran Hosts 1st Banking Meeting With Hanoi

Central Bank of Iran’s Governor Valiollah Seif met with Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong on Sunday in Tehran, during which he called for establishing strong banking links between the two countries.

“During our last trip to Vietnam, both countries’ presidents focused on establishing mutual banking ties to expand and facilitate bilateral relations,” Seif said, noting that well-established banking ties are a prerequisite for strong economic relations, CBI’s official website reported. Seif, who also heads the Money and Credit Council, suggested that Iran and Vietnam could pay for bilateral supplies of products in their national currencies to further deepen banking ties.

“Meetings between representatives of Iran’s commercial banks and the Vietnamese delegation are a good opportunity for both sides to get to know each other, which could prepare the ground for establishing correspondent relations between the two countries’ banks,” he said.

The deputy governor of the State Bank of Vietnam said they are fully aware that both countries’ presidents favor expansion of economic relations, which could create a suitable situation to boost bilateral trade, banking relations and investments.

Hong also urged the continuation of these meetings to transfer related experiences and resolve ambiguities about banking relations and trade.