Switzerland supports Vietnam in training bank executives
The State Bank of Vietnam (SBV) and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.
State Bank of Vietnam Governor Nguyen Thi Hong at the signing ceremony (Photo: VnEconomy)
Hanoi (VNS/VNA) - The State Bank of Vietnam (SBV) and the Embassy of Switzerlandlast week signed a bilateral agreement for the new Swiss Bank ExecutiveTraining programme (Swiss BET) to help build the capacity of Vietnamese bankexecutives.
The programme,which will run from 2022 to 2027, will provide support with a grant of fivemillion Swiss francs (about 5.4 million USD).
The bankingindustry plays a central role in efforts to sustain the high rate of economicgrowth. As the sector is still prone to external instabilities, strengtheningthe banking sector to narrow the gaps with international standards isstrategically important.
The Swiss BETprogramme offers the instruments required by the Vietnamese banking andfinancial industry to improve management practices in respective institutions.Building on the success of the previous programme phases, Swiss BET will begoverned by a partnership of the SBV and the State Secretariat for EconomicAffairs (SECO).
The SwissFinance Institute (SFI), the project-implementing agency, will provide experttraining. The SFI will train more than 240 Vietnamese bank executives andhundreds of central bankers on the latest state-of-the-art banking managementpractices./.
The Vietnam-Switzerland relationship has grown strongly in various fields over the past years, stated Vietnamese Ambassador to Switzerland and Liechtenstein Pham Hai Bang.
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State Bank of Vietnam Governor Nguyen Thi Hong at the signing ceremony (Photo: VnEconomy) 
