Seminar on RMB internationalisation held in Laos
The Peninsula
Vientiane: The Bank of China (Hong Kong) Vientiane Branch hosted a seminar on the internationalisation of the Chinese currency renminbi (RMB), focusin...
Vientiane: The Bank of China (Hong Kong) Vientiane Branch hosted a seminar on the internationalisation of the Chinese currency renminbi (RMB), focusing on new opportunities and developments in China-Laos economic and trade cooperation amid the currency's growing international use.
The seminar was held on Friday and attended by over 250 representatives from the Lao government, the financial industry, and businesses from both Laos and China.
Speaking at the opening ceremony, acting governor of the Lao central bank Vathana Dalaloy said bilateral trade between Laos and China has been steadily increasing, alongside the continued growth of cross-border RMB settlements.
She emphasised that the Lao central bank would continue to strengthen its financial cooperation with China, particularly focusing on policy discussions, digital payments, and currency exchange, with the aim of advancing Laos-China financial ties to new heights.
Also speaking at the event, Chinese Ambassador to Laos Fang Hong highlighted the positive momentum behind the internationalisation of the RMB.
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