On March 5, 2024, within the framework of the Special Summit marking the 50th anniversary of the ASEAN-Australia dialogue relations, Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) joined the Prime Minister’s official visit to Australia and attended Australia-Vietnam Business Forum.
The Forum attracted the participation of the two countries’ large businesses in various fields, showing the interests and desire of enhancing the bilateral investment cooperation in the context that the two countries are ready to upgrade the bilateral partnership. This was also a good opportunity for Vietnamese and Australian businesses to further understand about the investment and business environments in the two countries in order to seek new business opportunities in both Vietnam and Australia.
During the trip, the SBV Governor joined the Prime Minister in the official welcoming ceremony for the Heads of Delegations hosted by the Australian Prime Minister and his spouse; attended the opening ceremony of the Australia Vietnam Policy Institute at RMIT University, etc.
Governor Nguyen Thi Hong at the opening ceremony of the Australia Vietnam Policy Institute
Following the Australia-Vietnam Business Forum, the SBV Governor had a meeting with the ANZ's Group Executive for Institutional Affairs and the ANZ Management Board at the ANZ Headquarters. At the meeting, Governor Nguyen Thi Hong highly complimented the operations of the ANZ in Vietnam over the past 30 years. As one of the first foreign banks in Vietnam, the ANZ has played the role of a bridge in providing banking products and services for the trade and investment activities between Vietnam and Australia and New Zealand, as well as other countries in the region.
For his part, the ANZ's Group Executive for Institutional Affairs briefed the SBV Governor and her delegation of the ANZ’s performance results, its vision and strategies for Asia and Vietnam. The ANZ’s Group Executive also confirmed the ANZ’s commitments for long-term investment in Vietnam in order to contribute to the development of Vietnam’s economy in general and Vietnamese banking sector in particular.
Governor Nguyen Thi Hong and Mr. Mark Whelan, ANZ's Group Executive for Institutional Affairs
Also at the meeting, the SBV Governor shared about the GoV’s orientations in the economic management and the banking operations, focusing on the objectives of maintaining the macro-economic stability, creating favorable conditions for foreign investors. In addition, the SBV Governor also informed about the core tasks for the development of the banking sector in the coming time. Accordingly, innovations and the digital transformation are considered the drivers for a fast growth in the banking operations; and green credit would support sustainable development. With the ANZ’s strategies and experience in green banking and the digital transformation, the SBV Governor hoped that the ANZ would continue focusing its resources on sustainable development projects in Vietnam, and sharing its experience with Vietnamese commercial banks, especially in advance banking management practices and the development of digital and green banking products.
Le Hang