On November 6, 2026, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Ngoc Canh held a meeting with a high-level European business delegation, organized by the EU-ASEAN Business Council (EUABC) and the European Chamber of Commerce in Vietnam (EuroCham).
The meeting was attended by representatives from relevant SBV departments and units. The European delegation was led by Ms. Sharon Toh, Vice Chairwoman of the EUABC, and Mr. Jean-Jacques Bouflet, Vice Chairman of EuroCham, and included representatives of various EU businesses.
An overview of the meeting
At the meeting, Deputy Governor Nguyen Ngoc Canh highly appreciated the EUABC’s role in connecting the European businesses community with Vietnamese authorities, promoting policy dialogue, helping improve the investment environment, and strengthening cooperation between the SBV and European partners.
Deputy Governor Nguyen Ngoc Canh speaks at the meeting
In her remarks, Ms. Sharon Toh, Vice Chairwoman of the EUABC, noted that the elevation of Vietnam-EU relations to a Comprehensive Strategic Partnership on January 29, 2026 had laid a solid foundation for further promoting investment, trade and innovation between European and Vietnamese businesses. She emphasized that Vietnam was not only a promising investment destination but also an important partner for building long-term cooperation. The EUABC representative also highly appreciated the SBV’s role in maintaining macroeconomic stability and creating favorable conditions for the effective development of trade and investment activities.
Ms. Sharon Toh, Vice Chairwoman of the EUABC, speaks at the meeting
Against this backdrop, the delegation expressed its interest in receiving updates and exchanging views with the SBV on a range of policy issues relating to monetary policy, credit management, payments and anti-money laundering, with a view to gaining a better understanding of Vietnam’s policy orientations, legal framework, and potential areas for cooperation.
Under the chairmanship of Deputy Governor Nguyen Ngoc Canh, representatives of relevant SBV departments and units discussed with the delegation and shared information on four key areas.
Regarding sustainable finance and credit, the two sides exchanged views on mechanisms and policies to promote green finance and sustainable credit, mobilize capital for industrial emissions reduction projects, develop credit solutions for the healthcare and agriculture sectors, and establish financing mechanisms for large-scale and key projects in Hanoi.
Regarding monetary policy management, the SBV shared information on its policy orientations amid ongoing global economic uncertainties. The delegation showed particular interest in how Vietnam balances the objectives of macroeconomic stability, controlling inflation and supporting economic growth.
Regarding anti-money laundering and financial transparency, the two sides exchanged views on the SBV’s orientations for further strengthening Vietnam’s anti-money laundering framework in line with the recommendations of the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG). Particular attention was give to improving the quality of beneficial ownership information, ensuring that such information is independently verified and regularly updated, and identifying indirect and cross-border ownership structures. The discussions also covered strengthening connectivity with and the use of international data sources to support verification, as well as the detection and investigation of high-risk transactions.
Regarding digital currencies and payments, the SBV shared information on its ongoing research and Vietnam’s perspectives and policy orientations concerning central bank digital currencies (CBDCs).
In his concluding remarks, Deputy Governor Nguyen Ngoc Canh acknowledged the discussions and proposals put forward by the delegation concerning Vietnam’s business and investment environment in general and the banking sector in particular. He stated that the SBV would study and consider the relevant views and recommendations in the process of refining its policy and legal frameworks and enhancing its management and operational practices within its areas of responsibility.
The Deputy Governor reaffirmed that the SBV consistently attaches great importance to maintaining dialogue with the business community, including European businesses. He expressed the SBV’s desire to continue close cooperation, strengthen information exchange and promote experience sharing, thereby contributing to an improved investment and business environment and stronger ties with European businesses.
Deputy Governor Nguyen Ngoc Canh and members of the high-level European business delegation pose for a group photo
Minh Khang