Nanning, November 2 (China News Service) (Reporter Huang Yanmei) The reporter learned from relevant departments of Nanning City, Guangxi on the 1st that in order to actively participate in the three-year action plan for economic and trade cooperation between Guangxi and Vietnam, the Nanning Wuxiang New District Planning, Construction and Management Committee and Guilin Bank jointly carried out innovative practices to build a national Vietnamese dong cash transfer center.
In September this year, the National Vietnamese Dong Cash Transfer Center was established in Nanning. The establishment of the Vietnamese Dong Cash Transfer Functional Headquarters aims to strengthen the currency and financial cooperation between China and Vietnam. Relying on Nanning’s strategic positioning of opening up and cooperating with ASEAN, it is conducive to accelerating the construction of Nanning into a regional international financial center facing ASEAN and creating a good financial environment for serving the development of China-ASEAN economic, trade, cultural, tourism and industrial cooperation.
After the launch of the above-mentioned project, Guilin Bank will vigorously develop the Vietnamese dong wholesale business on the basis of consolidating the Vietnamese dong cash retail and transportation services. By comprehensively promoting key tasks such as deepening cooperation with licensed exchange institutions and broadening cross-border cash transportation channels, it will gradually form a new regional currency service pattern with continuously improved supply networks, steadily enhanced transportation capabilities, and continuously improved exchange experience. It will further meet the domestic market’s Vietnamese dong cash liquidity management needs and improve the level of currency exchange facilitation services.
As the first local legal person financial institution in Guangxi to obtain the qualification for cross-border transfer of Vietnamese Dong cash, Guilin Bank actively carried out cross-border transfer of RMB/Vietnamese Dong cash, and landed China’s first “zero-carbon” cross-border cash transfer business. As of the end of August this year, Guilin Bank had completed RMB transfers of 224 million yuan and Vietnamese Dong transfers of 127.944 billion Dong, accounting for more than 90% of the total amount in Guangxi.