On September 15, 2025, in Hanoi, Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam (SBV) held a working session with a high-level delegation from the Hong Kong Monetary Authority (HKMA), the Federation of Hong Kong Industries (FHKI), and the Hong Kong Association of Banks (HKAB).
The two sides exchanged views on key areas, such as Vietnam’s banking sector development strategy, the national financial inclusion roadmap, cross-border payment systems, and potential cooperation in green credit, fintech innovation, and the application of artificial intelligence (AI) in financial and banking supervision.
SBV Deputy Governor Nguyen Ngoc Canh shares information at the working session. Photo: Minh Hieu.
Also attending the meeting on the SBV’s side, there were representatives from the Credit Institutions Supervision Department, the Forecasting and Statistics – Monetary and Financial Stabilization Department, the Monetary Policy Department, the Payment Department, and the International Cooperation Department.
The Hong Kong delegation included Mr. Eddie Yue, Chief Executive of the HKMA; Mr. Anthony Lam, Chairman of the FHKI; Ms. Mary Huen, Chairwoman of the HKAB; as well as representatives from several Hong Kong banks.
In his remarks, Deputy Governor Nguyen Ngoc Canh outlined Vietnam’s banking sector development strategy to 2030, emphasizing the Strategy’s key objectives of:
- Modernizing banking operations and enhancing institutional capacity of the system of credit institutions (CIs);
- Promoting cross-border payment systems to support macroeconomic stability and sustainable growth;
- Strengthening financial safety and soundness through effective supervision;
- Aligning domestic payment infrastructure with international standards;
- Advancing financial inclusion and ensuring access to high-quality, affordable financial services;
- Supporting green finance and the digital transformation of the banking system.
The Deputy Governor emphasized that these priorities open up broad avenue for cooperation between the two sides, particularly in green finance and fintech development, contributing to sustainable economic growth and global efforts on climate action.
Mr. Eddie Yue shares Hong Kong (China)’s experience in green credit and the application of AI in the banking sector. Photo: Minh Hieu
Mr. Eddie Yue shared Hong Kong’s experience in developing its international financial centers, including strategies for promoting green finance, building a vibrant fintech ecosystem, expanding cross-border payment connectivity, and leveraging AI and digital technologies to enhance banking services and regulatory oversight.
The representatives of the SBV Departments also presented detailed orientations and implementation plans for the modernization of Vietnam’s banking sector, including the roadmap for expanding cross-border payment linkages with regional and international partners.
Representatives from the HKAB and the FHKI highlighted Hong Kong’s strengths in attracting international capital, serving as a gateway to global financial markets, and expressed strong interest in enhancing banking and financial connectivity with Vietnam in the near future.
In closing, Deputy Governor Nguyen Ngoc Canh expressed appreciation for the valuable insights shared by the Hong Kong delegation and affirmed the SBV’s commitment to fostering closer ties, deepening technical cooperation, and supporting practical initiatives that could help strengthen the Vietnam-Hong Kong relationship—particularly in the financial and banking sectors.
HM