The Bank of Korea (BOK) headquarters in Seoul (Image courtesy of Yonhap)
SEOUL, Aug. 11 (Korea Bizwire) — Seoul’s central bank said Monday it has signed a renewed memorandum of understanding (MOU) with its Vietnamese counterpart, the State Bank of Vietnam, to promote bilateral partnership.
The updated MOU, initially signed in 2004, aims to deepen cooperation in various areas between the two central banks, including monetary policy and currency issuance.
To promote exchanges, the two sides also agreed to hold working-level meetings on top of existing workshops and seminars, the Bank of Korea (BOK) said.
“This is meaningful as it lays the foundation to strengthen cooperation between the two central banks,” the BOK said. “We hope it can contribute to strengthening the strategic partnership between South Korea and Vietnam.”
(Yonhap)
