From June 26 to 28, 2026, a delegation from the State Bank of Vietnam (SBV), led by Governor Pham Duc An, attended the 96th Annual General Meeting of the Bank for International Settlements (BIS) in Basel, Switzerland.
The SBV delegation, led by Governor Pham Duc An, attends the 96th BIS Annual General Meeting
During the event, the BIS General Meeting adopted the Annual Report and the Financial Statements for the financial year ended March 31, 2026. The BIS also released its Annual Economic Report 2026, which recommends that central banks shift their focus from strengthening short-term resilience to building long-term sustainable foundations through fiscal discipline, a firm commitment to price stability, and the consistent implementation of prudential financial regulations.
As part of the Meeting, Governor Pham Duc An participated the 25th BIS Governors’ Conference, themed “Central Banks and Macrofinancial Stability in a Fragmented Global Economy”, and the Global Economy Meeting. At those events, discussions focused on key issues facing the global central banking community, including the conduct of monetary policy amid renewed inflationary pressures; increasing competition in cross-border payment services among banks, fintech companies, and AI-enabled platforms; and the implications of these developments for financial stability and monetary policy.
On the sidelines of the Meeting, Governor Pham Duc An held bilateral meetings with senior BIS officials and representatives of several partner central banks to exchange views on global and domestic macroeconomic developments, monetary policy management, and future directions for cooperation.
Governor Pham Duc An’s participation, together with the SBV delegation, in the 2026 BIS Annual General Meeting reaffirmed the SBV’s proactive engagement in the international integration of Vietnam’s banking sector and further strengthened Vietnam’s presence and voice within the global central banking community.
The working visit also created new opportunities to deepen substantive cooperation with the BIS and partner central banks, thereby supporting the effective conduct of monetary policy, promoting innovation in central banking operations, enhancing the safety and soundness of the banking systems, and strengthening financial stability in the years ahead.