Da Nang, November 4, 2026 – The State Bank of Vietnam (SBV) hosted the Trilateral Governor-level Dialogue among the SBV, the Bank of the Lao People’s Democratic Republic (BOL), and the National Bank of Cambodia (NBC). The dialogue was chaired by SBV Governor Pham Duc An and attended by BOL Governor Bounkham Vorachit and NBC Governor Chea Serey.
The Trilateral Governor-level Dialogue is chaired by SBV Governor Pham Duc An.
The dialogue was also attended by leaders and officials from departments responsible for monetary policy, foreign exchange management, payments, banking inspection and supervision, international cooperation, and other relevant areas of the three central banks.
In his opening remarks, SBV Governor Pham Duc An emphasized that this was the first time the three central banks had convened a joint meeting at the Governor level, marking a new milestone in their cooperative relations. He affirmed that the dialogue not only provided an opportunity to strengthen mutual understanding, trust, and friendship among the three countries, but also served as a platform for sharing policy management experience and promoting practical cooperation initiatives, thereby contributing to macroeconomic stability and sustainable development.
SBV Governor Pham Duc An delivers his opening remarks at the dialogue.
At the dialogue, the three central banks exchanged views on global and regional macroeconomic developments and the economic situation in each country. They also shared experience in monetary policy management amid the ongoing impact of geopolitical developments, energy price fluctuations, trade policies, and international capital flows on the global economy.
Discussions focused on the progress made in maintaining macroeconomic stability and controlling inflation, as well as managing interest rates, exchange rates, and liquidity. In particular, Vietnam shared its experience in flexibly coordinating monetary policy instruments to stabilize the market and support economic growth. Cambodia shared its approaches to promoting the use of its national currency and developing money markets, while Laos shared its experience in controlling inflation, managing foreign exchange, and improving monetary policy instruments.
Building on these exchanges, the three sides discussed the need to strike a balance between maintaining macroeconomic stability and supporting economic growth; strengthen coordination in the management of interest rates, exchange rates, and liquidity; and enhance forecasting capabilities, assessment of the impacts of international economic developments, and the banking system’s capacity to respond to external shocks.
An overview of the dialogue.
NBC Governor Chea Serey highly appreciated the substantive discussions and emphasized the need to identify specific areas of cooperation through enhanced information sharing, experience exchange, and coordination among specialized units. She expressed support for maintaining an annual trilateral dialogue mechanism on a rotating-host basis and proposed that Cambodia host the 2027 dialogue, subject to the agreement of the three parties.
NBC Governor Chea Serey speaks at the dialogue.
Acknowledging the positive outcomes of the dialogue, BOL Governor Bounkham Vorachit highlighted the shared objectives of maintaining macroeconomic stability, ensuring financial system safety, and developing payment systems. She proposed strengthening professional coordination, developing specific cooperation plans through experience-sharing programs and thematic workshops, and maintaining regular dialogue among the three central banks.
BOL Governor Bounkham Vorachit speaks at the dialogue.
In his closing remarks, Governor Pham Duc An highly appreciated the spirit of friendship, openness, constructive engagement, and mutual trust demonstrated by the three central banks. Through bilateral and trilateral discussions, the parties had engaged in substantive exchanges on macroeconomic developments, monetary policy management, and experience in ensuring the safety and soundness of the banking system. Although each country has its own specific economic characteristics and circumstances, all three central banks share the common objectives of maintaining monetary stability, strengthening resilience, and supporting sustainable economic development.
Governor Pham Duc An affirmed that the cooperation proposals put forward at the dialogue would provide a basis for specialized units to pursue further study and exchanges, and translate them into practical activities suited to the respective functions and circumstances of each central bank. He also expressed confidence that the friendly and cooperative relations among the three central banks would continue to be strengthened, making positive contributions to the stability and development of each country and the region as a whole.
Delegations of the SBV, the BOL, and the NBC pose for a group photo at the dialogue.
The 2026 Trilateral Governor-level Dialogue marks a significant milestone in cooperation among the three central banks, laying the foundation for enhanced experience sharing and coordination in the monetary and banking sectors. It also contributed to strengthening the traditional bonds of friendship and good-neighborly relations among Vietnam, Laos, and Cambodia, while promoting the stable and sustainable development of the three countries.