The fourth meeting of the Working Group on Financial and Monetary Cooperation between the People's Bank of China (PBC) and the State Bank of Viet Nam (SBV) was held on 8 Nov in Beijing. Mr. CHEN Yulu, Deputy Governor of the PBC and Ms. Nguyen Thi Hong, Deputy Governor of the SBV co-chaired the meeting. The two sides exchanged views on recent macroeconomic developments in China and Viet Nam, monetary policy, local currency settlement and other related issues.