BIS pledges support for Vietnam in banking infrastructure development, digital transformation
The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
Headquarters of the State Bank of Vietnam (Photo: VNA)
Hanoi (VNA) – The Bank for InternationalSettlements (BIS) will continue to accompany and support the State Bank ofVietnam (SBV) in investing in payment and financial infrastructure developmentand promoting digital transformation, contributing to improving risk managementin the local banking sector, stated BIS General Manager Agustin Carstens.
Carstens made the statement at a meeting with Politburomember and Chairman of the Party Central Committee’s Economic Commission Tran Tuan Anh in Hanoi on September 21.
Welcoming Carstens on his first visit to Vietnam as BIS General Manager, Tuan Anh thanked the organisation for itssupport for the SBV in joining and familiarising itself with BIS cooperationmechanisms. After three years of membership, the SBV has proactivelyparticipated in BIS activities and implemented its recommendations in the bankingsector.
He proposed that BIS continue to enhance its role indeveloping payment and financial infrastructure in the Asian region, includingVietnam, which will help countries involved quickly access new technologies,ensure smooth payments between nations and territories, and safeguard the globalcybersecurity and financial system.
Agreeing with his host’s proposals, Carstens commendedVietnam’s effective economic management and inflation control given global challenges.He also hailed the Vietnamese Party and State for their policies in stabilising the macro economy, enhancing international integration, and promotingdigital transformation and innovation.
The general manager expressed his wish to strengthencooperation between BIS and Vietnamese agencies in general and the Economic Commission in particular./.
The State Bank of Vietnam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.
The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS), showing the BIS’s recognition of Vietnam’s socio-economic achievements as well as the SBV’s attainments in steering the monetary policy and managing the banking system.
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Headquarters of the State Bank of Vietnam (Photo: VNA) 
