From May 5 to 8, 2026, Deputy Governor Pham Tien Dzung of the State Bank of Vietnam (SBV) joined the high-level delegation accompanying Party General Secretary and State President To Lam on his official visits to the Republic of India and the Democratic Socialist Republic of Sri Lanka.
Within the framework of the visits, Deputy Governor Pham Tien Dzung attended forums on innovation, trade, investment, and tourism cooperation; participated in cultural promotion activities; and met with Vietnamese communities living, studying, and working in India and Sri Lanka.
Notably, in India, in the presence of Party General Secretary and State President To Lam and Indian Prime Minister Narendra Modi, Deputy Governor Pham Tien Dzung and Indian Foreign Secretary Shri Vikram Misri exchanged a Memorandum of Understanding (MoU) on cooperation in financial innovation and digital payments between the SBV and the Reserve Bank of India (RBI).
Deputy Governor Pham Tien Dzung and Indian Foreign Secretary Shri Vikram Misri exchange the MoU signed between the SBV and the RBI.
The MoU is expected to serve as an important foundation for further cooperation between the two central banks in modernizing the financial and banking sector, enhancing information sharing, exchanging regulatory experience, and promoting innovative initiatives in banking operations in general and payment systems in particular.
In the coming period, this new cooperation framework is expected to support the research and implementation of cross-border QR payment services between Vietnam and India, thereby contributing to the promotion of tourism, strengthening people-to-people exchanges, and encouraging the use of local currencies in bilateral retail payment transactions.
The visits also open up new opportunities for cooperation in the banking and financial sector, reaffirming the proactive and active role of Vietnam’s banking industry in international integration, while contributing to digital transformation and strengthening regional economic connectivity.