On December 6-7, 2024, a delegation of the State Bank of Vietnam (SBV) led by Deputy Governor Pham Tien Dzung, together with representatives from the International Cooperation Department and the Human Resources Department, attended the 44th Meeting of the Board of Governors, and the Governors’ Conference/High-level Seminar of the South East Asian Central Banks Research and Training Center (SEACEN) held in Seoul, the Republic of Korea.
Attending the meeting, there were Governors and senior leaders from 19 central banks and monetary authorities of the SEACEN’s member countries, the International Monetary Fund (IMF), the Bank for International Settlements (BIS), and other central banks invited as observers.
According to the IMF, the economic growth is slowing down, and the unemployment rates are tending to increase in the developed economies, the prices of goods and services are gradually becoming stable but still remain vulnerable. Although the global economic outlook is relatively stable, it can still face numerous risks under different scenarios. In that context, the IMF has come up with some recommendations on the monetary policy, the fiscal policy,… It was also emphasized by the IMF that countries need to cooperate to reduce the trade tensions, and to build sustainable economic frameworks, as well as to coordinate and adjust the policies in a smart way to respond to the emerging challenges.
At the SEACEN Governors’ Conference/Hi-level Seminar, the SEACEN Governors and representatives of SEACEN member central banks discussed about the challenges and difficulties, and shared their experience in making policies to respond to the impacts of the global risks, the geo-economic fragmentation on the monetary policy management and the central banks’ operations.
The Heads of Delegations attend the BOG Meeting and SEACEN Governors’ Conference/High-level Seminar
At the 44th SEACEN Board of Governors (BOG) Meeting, the Governors listened to and reviewed the reports on SEACEN's performance results in 2024, and discussed about the Center's orientations in the coming time in order to make SEACEN become the leading and prestigious research and training center in the region. Also, within the framework of the Meeting, the SEACEN Central Banks’ Governors adopted the research and training plan, and the budget plan of the Center for 2025.
Deputy Governor Pham Tien Dzung speaks at the Meeting
Speaking at the Meeting, Deputy Governor Pham Tien Dzung commended the achievements made by SEACEN in 2024, and proposed that the Center accelerate the digital transformation process in its training activities, including the development and application of the new learning tools based on advance technology platforms to enhance the accessibility and improve the experience of the member central banks. Regarding the orientations for the Center’s activities in the coming time, the SBV Deputy Governor suggested that SEACEN should review and update its Strategy, and develop its medium-term budget plan to better meet the demands for research and training of the member central banks, and to enhance the budgetary discipline.
Indonesia was officially selected to be the SEACEN Chair in 2026.
HY