On the afternoon of June 24, in Tianjin, during the working program to attend the WEF Tianjin Conference and work in China, Politburo member and Prime Minister Pham Minh Chinh received Mr. Cat Hai Kieu, Chairman of the Board of Directors of the Bank of China (BOC).
At the meeting, BOC leaders expressed their appreciation for the Prime Minister's statements on promoting economic and business cooperation between the two countries; highly appreciated and believed in the development of Vietnam.
The bank wishes to promote its presence and investment in the Vietnamese market; be ready to provide comprehensive financial services for large-scale infrastructure projects; promote financial and monetary cooperation between the two countries, cross-border payments, and contribute to the construction of an international financial center in Vietnam.
Prime Minister Pham Minh Chinh highly appreciated and acknowledged the BOC's activities in Vietnam over the past 30 years and its positive contributions to Vietnam's socio-economic development; hoped that the BOC would continue to promote business results and continue to expand operations in Vietnam in the coming time, as well as participate in restructuring weak banks in Vietnam.
Vietnam is urgently completing the legal framework for financial centers in a breakthrough and outstanding direction, ensuring transparency, safety and efficiency, towards international standards and practices, including a draft Resolution of the National Assembly with preferential mechanisms and policies.
Stating that the policy on international financial centers in Vietnam will be very open, the Prime Minister suggested that the BOC share experiences and support connecting partners, investors, and experts in the financial sector to participate in building, operating and developing financial centers in Vietnam.
The Bank of China is the bank with the highest level of globalization and integration in the Chinese banking system, with a relatively complete global service network, present in mainland China and 64 countries and territories around the world. As of the end of 2023, the bank has 12,000 branches in China and abroad and more than 300,000 employees.
In Vietnam, BOC officially opened a branch in Ho Chi Minh City in 1995 and is now operating under the name of the Bank of China (Hong Kong) - Ho Chi Minh City Branch.
This is the first Chinese bank branch licensed in Vietnam, specializing in providing comprehensive financial services such as credit, international payments, trade finance and foreign exchange.
With a global network and rich experience, BOC plays a financial bridge between businesses of the two countries, contributing to promoting bilateral economic cooperation.
