Within the framework of the President of the Republic of Korea’s visit to Viet Nam, the Financial Services Commission of Korea (FSC) and the Council for International Financial Cooperation (CIFC) jointly organized the Vietnam – Korea Financial Cooperation Forum on the afternoon of April 23, 2026, in Hanoi, under the theme “Financial Infrastructure – A Pillar for Growth.” Deputy Governor Nguyen Ngoc Canh of the State Bank of Viet Nam (SBV) attended and delivered remarks at the Forum.
Participants at the Forum
In his remarks, Deputy Governor Nguyen Ngoc Canh affirmed that the event was an important highlight, demonstrating the close and strong cooperation between Viet Nam and the Republic of Korea in the banking sector over many years.
With the theme “Financial Infrastructure – A Pillar for Growth”, the Deputy Governor expressed his belief that the Forum would serve as an important platform for dialogue, enabling regulators, financial institutions, and businesses from both countries to engage in in-depth discussions on strategic cooperation orientations, thereby contributing to enhancing the resilience and promoting the development of each country’s financial and banking system.
Overview of the Forum
At the Forum, Deputy Governor Nguyen Ngoc Canh handed over the License for the establishment of a wholly foreign-owned bank in Viet Nam to the Industrial Bank of Korea (IBK). He also witnessed the signing ceremony of a cooperation agreement between the Korea Financial Telecommunications and Clearings Institute (KFTC) and the National Payment Corporation of Viet Nam (NAPAS).
Deputy Governor Nguyen Ngoc Canh hands over the License for the establishment of a wholly foreign-owned bank in Viet Nam to Mr. Jang Min Young, General Manager of IBK
During the Forum, speakers discussed a number of key topics, including strengthening cross-border payment connectivity; the development of Viet Nam’s payment system; modernization of payment systems and enhancement of cross-border connectivity; the development of Viet Nam’s non-performing loan (NPL) resolution mechanisms to stabilize the market; and strengthening financial stability through NPL resolution.