On 11 November 2024, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Quang Dzung had a meeting with Mr. Lee Bok Hyun, Governor of the Financial Supervisory Service (FSS) of the Republic of Korea (ROK).
SBV Deputy Governor Pham Quang Dzung and FSS Governor Lee Bok Hyun
Welcoming Governor Lee Bok Hyun to have a working visit to Vietnam, Deputy Governor Pham Quang Dzung spoke highly on the comprehensive strategic partnership between Vietnam and the ROK throughout the years, and expressed his wishes that the cooperation between the two countries would continue to be maintained and strengthened in the coming time, covering all fields and areas.
An overview of the meeting
At the meeting, the two sides focused on discussing about the economic and financial situations, as well as other matters of common interest with a view to strengthening the cooperation between the two countries, in the context that the ROK is now the country with the biggest commercial presence of foreign financial institutions and banks in Vietnam.
Regarding the situation of the restructuring of the system of credit institutions, Deputy Governor Pham Quang Dzung shared that Vietnam has achieved positive results in the implementation of the Scheme on "Restructuring the credit institution system in association with the resolution of non-performing loans in the 2021-2025 period”, a key and cross-crossing task of the banking sector. The promulgation of the 2024 Law on Credit Institutions has greatly contributed to the improvement of the legal framework, and strongly supported the implementation of the Scheme.
The participants at the meeting
At the meeting, the two sides focused on discussing about the economic and financial situations, as well as other matters of common interest with a view to strengthening the cooperation between the two countries, in the context that the ROK is now the country with the biggest commercial presence of foreign financial institutions and banks in Vietnam.
Regarding the situation of the restructuring of the system of credit institutions, Deputy Governor Pham Quang Dzung shared that Vietnam has achieved positive results in the implementation of the Scheme on "Restructuring the credit institution system in association with the resolution of non-performing loans in the 2021-2025 period”, a key and cross-crossing task of the banking sector. The promulgation of the 2024 Law on Credit Institutions has greatly contributed to the improvement of the legal framework, and strongly supported the implementation of the Scheme.
HP