On November 10, 2026, at the headquarters of the State Bank of Vietnam (SBV), Governor Pham Duc An held a meeting with a delegation from the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), led by Vice President Sherard Cowper-Coles.
Governor Pham Duc An speaks the meeting
The meeting was also attended by representatives of the SBV’s Monetary Policy Department, Credit Department, International Cooperation Department, and other relevant units, as well as AIIB Directors and Alternate Directors representing 12 member countries and senior representatives of the Bank’s departments.
Providing an overview of Vietnam’s macroeconomic situation, Governor Pham Duc An stated that, despite unprecedented developments in the global economy, Vietnam had achieved positive economic results in 2026. He emphasized that Vietnam remained steadfast in pursuing its objectives of maintaining macroeconomic stability and controlling inflation, while ensuring stability in the monetary and foreign exchange markets and safeguarding the value of the Vietnamese dong.
According to the Governor, these achievements provide an important foundation for Vietnam to achieve its double-digit economic growth target in 2026 and the subsequent period. Realizing this ambition will require substantial investment resources for strategic infrastructure development, green growth, and improvements in the quality of economic growth. Key projects in infrastructure, energy, and other strategic sectors are expected to generate new growth drivers for the economy. Given the substantial demand for capital, mobilizing international resources, including financing from AIIB, is of great significance to achieving Vietnam’s long-term development objectives.
Regarding cooperation between Vietnam and AIIB, the Governor acknowledged and highly appreciated the Bank’s efforts to promote investment in Vietnam, particularly in renewable energy, green infrastructure, and climate finance. He affirmed that Vietnam takes pride in being a founding member of AIIB and stands ready to make active contributions to the Bank’s development. Vietnam also looks forward to further strengthening bilateral cooperation in a substantive and effective manner, in line with the country’s development priorities.
Overview of the meeting
Discussing cooperation priorities for the 2026–2030 period, Governor Pham Duc An emphasized the importance of expanding financing for the private sector, particularly for projects in green infrastructure, energy, logistics, digital infrastructure, rural development, and climate change adaptation.
In addition, the Governor expressed his hope that AIIB would continue to improve its lending instruments and enhance technical assistance, particularly in project preparation and facilitating member countries’ access to financing. Greater engagement with Vietnamese partners and commercial banks in developing financial solutions tailored to market conditions is expected to help reduce financing costs, improve project feasibility, and ensure financial soundness and debt repayment capacity.
AIIB Vice President Sherard Cowper-Coles speaks at the meeting
Speaking at the meeting, AIIB Vice President Sherard Cowper-Coles noted that the Bank’s priorities in promoting green investment, infrastructure development, regional connectivity, and private-sector resource mobilization are closely aligned with Vietnam’s development orientations. He expressed AIIB’s desire to further strengthen cooperation and support Vietnam in mobilizing appropriate financial resources, thereby contributing to the country’s objectives of achieving rapid and sustainable growth and improving the quality of economic development in the coming period.
At the meeting, the two sides exchanged views on key issues related to the banking sector, the mobilization and effective utilization of development financing, investment promotion, green growth, tourism development, macroeconomic stability, and Vietnam’s long-term sustainable development objectives. These discussions helped enhance mutual understanding and strengthen coordination between the SBV and AIIB, while identifying practical areas for future cooperation.
Governor Pham Duc An affirmed that, building on the solid foundation of more than a decade of cooperation, together with Vietnam’s significant development potential and emerging opportunities, cooperation between Vietnam and AIIB would continue to deepen and become increasingly substantive, making positive contributions to Vietnam’s socio-economic development objectives and the broader development of the region.