On September 7, 2023, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Tien Dzung had a meeting with Mr. Kim Soyong, Vice President of the Financial Services Commission (FSC) of the Republic of Korea (RoK).
Signing ceremony of the MoU on Cooperation in the Area of Financial Innovation
At the meeting, Deputy Governor Pham Tien Dzung asserted that the comprehensive strategic partnership between Vietnam and the ROK has been developing strongly in all areas. The ROK is one of Vietnam’s leading economic partners, both in trade and in investment relations. The SBV Deputy Governor wished the FSC Vice President a successful office term as one of the 24 members of the RoK Presidential Transition Committee.
For his part, FSC Vice President Kim Soyong conveyed his congratulations to Governor Nguyen Thi Hong of the State Bank of Vietnam on being selected as one of the three Central Bank Governors who earned an “A+” grade in the Global Finance Central Banker Report Cards 2023 (An “A” grade represents an excellent performance).
An overview of the meeting
SBV Deputy Governor Pham Tien Dzung speaks at the meeting
At the meeting, the two sides exchanged and discussed openly about various topics, including anti-money laundering, financial innovation, digital banking, as well as the operations of the Korean financial institutions in Vietnam.
FSC Vice President Kim Soyong at the meeting
Toward the end of the meeting, the Memorandum of Understanding (MoU) on the Cooperation in the Area of Financial Innovation between the SBV and the FSC was signed under the witness of SBV Deputy Governor Nguyen Tien Dzung and FSC Vice President Kim Soyong.
Speaking at the signing ceremony, Deputy Governor Pham Tien Dzung emphasized that, by signing this new MoU, as well as the previous MoUs between the two sides, the SBV and the FSC have established a comprehensive framework for the bilateral cooperation with the objectives of achieving more positive results in the coming time. The SBV Deputy Governor also shared about the SBV’s expectations that the newly-signed MoU would create more favorable conditions for the enhancement of the practical performance of the cooperation between the two sides.
Le Hang