Vietnam to chair ASEAN Bankers Association

16/10/2009
VOVNews

The Chairman of VietinBank and the President of the Vietnamese Banking Association, Pham Huy Hung, will assume the presidency of the ASEAN Bankers Association (ABA) for the 2010-2011 term in Cambodia in mid-November.

This is an important landmark, which confirms the Vietnamese banking sector’s prestige among regional countries and establishes a cooperative relationship among other ABA countries.

It will also be a big honour for Vietnam’s Joint Stock Commercial Bank for Industry and Trade (VietinBank), confirming the bank’s standing in the sector and its efforts, Mr Hung said.

The ABA will organize seminars and talks to assess opportunities in the regional banking sector after the economic crisis, enhance cooperation with other regional members and set up a multilateral relationship with leading ASEAN banks.

The association will also form sub-committees to seek ways of cooperating and put forward solutions to overcome difficulties in each country’s banking system as well as sharing their experiences and training programmes within the framework of regional financial institutions.