On May 21, 2026, at the headquarters of the State Bank of Vietnam (SBV), Governor Pham Duc An met with H.E. Rajpal Singh, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to Vietnam.On May 21, 2026, at the headquarters of the State Bank of Vietnam (SBV), Governor Pham Duc An met with H.E. Rajpal Singh, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to Vietnam.
At the meeting, Governor Pham Duc An expressed his pleasure at the continued strengthening and substantive development of cooperation between the two countries in the banking sector, based on the Comprehensive Strategic Partnership between Vietnam and Singapore. The Governor expressed his confidence that Ambassador Rajpal Singh would make positive contributions to further enhancing bilateral relations between Vietnam and Singapore, including in the banking sector.
Governor Pham Duc An meets H.E. Rajpal Singh, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to Vietnam
In addition to sharing updates on recent macroeconomic developments and the SBV’s monetary policy management, the Governor discussed Vietnam’s orientation toward establishing and developing International Financial Centres (IFCs). The initiative aims to develop a modern financial market, strengthen connectivity with international markets, and effectively attract high-quality international investment flows into Vietnam, thereby supporting sustainable economic growth and deeper global integration.
Overview of the meeting
For his part, Ambassador Rajpal Singh stated that cooperation in the finance and banking sector would continue to serve as an important pillar in deepening the Vietnam–Singapore Comprehensive Strategic Partnership, while also contributing positively to regional financial connectivity and shared prosperity.
The Ambassador also expressed positive views on Vietnam’s economic development orientation and affirmed that Singapore stands ready to support Vietnam in its efforts to achieve double-digit growth targets in the coming years. In particular, Singapore is willing to facilitate connections among regulatory agencies, organizations, and businesses of both countries to share experiences and provide technical support for the operation and development of Vietnam’s International Financial Centres in particular, as well as for the broader finance and banking sector.
In conclusion, Governor Pham Duc An wished Ambassador Rajpal Singh a successful tenure in Vietnam and expressed his hope that the Ambassador would continue contributing to the further strengthening of the friendship and close cooperation between the two countries.
The Governor also expressed his hope that Vietnam would continue to receive practical support and valuable experience sharing from Singapore, particularly from agencies with direct expertise in the management, supervision, and development of internationally reputable international financial centres.