Singapore, Vietnam sign MOU to enhance bank supervisory

SINGAPORE, Jan. 30 (Xinhua) -- The central banks of Singapore and Vietnam will enhance bank supervisory cooperation with the conclusion of a memorandum of understanding between the Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV).

The MOU will also deepen banking sector linkages between the two economies, said MAS in a statement Wednesday.

The MOU, which will take immediate effect, is among several initiatives to enhance economic and financial cooperation between Vietnam and Singapore.

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