Hanoi, October 16, 2026 – At the Government Office, Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam (SBV) met with Mr. Ernesto Torres Cantú, Citi’s Head of International and Member of its Executive Management Team, during his working visit to Vietnam.
Deputy Governor Nguyen Ngoc Canh poses for a group photo with the Citi delegation.
At the meeting, Deputy Governor Nguyen Ngoc Canh welcomed Mr. Ernesto Torres Cantú and the Citi delegation to Vietnam and highly valued Citi’s positive contributions over more than 33 years of operations in the country. These contributions have been particularly evident in corporate banking, trade finance, cash management, international payments, foreign exchange, and connecting Vietnamese enterprises with global financial networks.
The Deputy Governor expressed his appreciation for Citi’s provision of financial resources for important projects in Vietnam and emphasized the country’s substantial capital mobilization needs to develop key sectors, including energy, infrastructure, and science and technology.
In response, Mr. Ernesto Torres Cantú spoke highly of Vietnam’s macroeconomic stability and strong economic growth compared with many other countries worldwide. He also commended the Government’s efforts and decisive actions to promote economic development. In particular, he highlighted the Government’s capacity to implement its commitments, as well as effective coordination among ministries and agencies in maintaining fiscal discipline and controlling public debt, thereby contributing to the achievement of Vietnam’s socio-economic development objectives.
Deputy Governor Nguyen Ngoc Canh acknowledged and highly valued Citi’s stable, safe, and effective operations in Vietnam, its compliance with Vietnamese laws and regulations, and its proactive approach to risk management. He encouraged Citi to continue sharing international experience and strengthen cooperation with Vietnamese regulatory authorities in digital transformation, international payments, and the implementation of solutions to support sustainable business development.
In particular, the Deputy Governor called on Citi, as a global financial institution, to continue supporting Vietnam’s efforts to develop international financial centers by sharing advanced technological solutions and international standards, and contributing to the development of a modern, secure, and globally connected financial ecosystem.
On behalf of Citi, Mr. Ernesto Torres Cantú reaffirmed the Group’s commitment to continuing to support Vietnam’s financial market development.
At the conclusion of the meeting, Deputy Governor Nguyen Ngoc Canh expressed his confidence that Citi, drawing on its extensive experience and expertise as a global financial group, would continue to make positive contributions to Vietnam’s socio-economic development.