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VNBA is a voluntary professional organization of credit institutions in Vietnam; it operates in a voluntary principle of autonomy and self-responsibility; it gathers and motivates its Members to cooperate and support one another in their operations; it protects legitimate rights and interests of the Members; it acts as a link between the Members and the government agencies; it aims at stable, effective, prudential, and healthy development of the credit institutions of Vietnam and contributes to the implementation of the monetary policies for socio-economic development. VNBA currently has 53 members, including 39 commercial banks, 2 joint-venture banks, and 11 finance companies. VNBA joined the ASEAN Bankers Association (ABA) on September 8, 1995, right after Vietnam became a full member of the Association of South East Asian Nations (ASEAN). VNBA is a full member and has official representatives at all the ABA Permanent Committees. VNBA has so far established relation of cooperation with more than 30 banks associations of such countries, regions, and territories as ASEAN, China, Taiwan, South Korea, Australia, Sweden, Poland, Europe, the United States, and Canada. VNBA is a full member and has official representatives at all the ABA Permanent Committees. VNBA is a full member of the Asian Bankers Association and a national representative of the APEC Financiers Group, an organization under the annual APEC Finance Ministers Conference. VNBA signed a memorandum of understanding on bilateral cooperation with the Lao Bankers' Association on June 21, 1999, and with the Banks Association of the Federation of Russia on November 11, 2007. VNBA successfully hosted the 30th ASEAN Banking Council Meeting and 13th ASEAN Banking Conference (2000) and the 37th ASEAN Banking Council Meeting (2007) of the ASEAN Bankers Association in Hanoi. It also took part in organizing successfully the Asian Banker Summit in Hanoi in March 2008.

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