Singapore offers technical assistance to Vietnamese banking
Singapore has officially launched a technical support program designed to assist central banks in Vietnam, Cambodia, Laos, and Myanmar.
With US$250,000 in Temasek Foundation funding and professional contributions from the Monetary Authority of Singapore (MAS), the program will run for two years, refining the skill sets of central bank in terms of financial principles, monetary policy monitoring and management, and payment and transaction systems.
The MAS said around 190 officials from the four participating Asian nations will travel to Singapore for training. The first 24 officials will arrive in Singapore late this week.
Temasek Foundation Executive Director Benedict Cheong said the program will reinforce the existing banking assistance and guidance cooperation between Singapore and the four Asian nations.
MAS Executive Director Ravi Menon said the program expresses Singapore’s support for Vietnam’s, Cambodia’s, Laos’, and Myanmar’s efforts to deepen their integration with the Association of Southeast Asian Nations (ASEAN) deeply.
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