On March 13, 2025, within the framework of the state visit of General Secretary To Lam to the Republic of Singapore, Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) attended the Vietnam-Singapore Business Roundtable themed “Vietnam – Destination in the era of science, technology and financial cooperation”.
The exchange ceremony of cooperation documents within the framework of the Roundtable
The Roundtable was attended by more than 100 Singaporean and Vietnamese businesses in various sectors: high technology, telecommunications, banking and finance, energy, aviation, etc.
SBV Governor Nguyen Thi Hong attends the Roundtable
At the Roundtable, the businesses and economic experts from Singapore shared their experience in developing Singapore's international financial center (IFC), with a focus on promoting science and technology, innovations, and investment in hi-tech industries. Major financial institutions in Singapore recommended that in the initial stage of developing an IFC, attracting and developing a high-quality workforce is a crucial element for success.
An overview of the Roundtable
The experts and economists also emphasized that developing Singapore into an international financial center was a long process, requiring strong determination and a strategic vision from the Singaporean authorities. To become a leading financial center, Singapore had spent decades to build its foundational elements. As a result, Singapore had not only achieved a high position in the financial sector, but has also maintained its stability and significant influence.
General Secretary To Lam and the Vietnamese delegation take a photo together at the Roundtable
The Roundtable was the final activity in the state visit of General Secretary To Lam to the Republic of Singapore, opening up new cooperation opportunities between Vietnam and Singapore, as well as within the ASEAN bloc.
HY