China, Vietnam central banks sign MOU for cooperation

english.people.com.cn

On August 19, 2024, the central banks of China and Vietnam signed a memorandum of understanding (MOU) to enhance bilateral cooperation. The agreement, signed by PBOC Governor Pan Gongsheng and State Bank of Vietnam Governor Nguyen Thi Hong, aims to improve local currency settlement, currency swaps, and cross-border payment connectivity between the two nations.


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