Deputy Governor Nguyen Toan Thang of the State Bank of Vietnam (SBV) had a meeting with Ms. Sharon Toh, Head of ASEAN at SWIFT, in May 26.
At the meeting, Deputy Governor Nguyen Toan Thang warmly welcomed Ms. Sharon Toh and the working visit of the delegation from SWIFT ASEAN. He highly appreciated the cooperation and support of SWIFT for the SBV in particular and the banking sector in general in the process of getting access and learning experience in international settlement and improving efficiency and quality of financial activities when making payment via SWIFT. Moreover, he expressed his belief that the cooperative relation among SWIFT and Vietnamese banking sector will increasingly develop in the coming time, of which SWIFT will support Vietnam in the formulation and development of infrastructure for financial system, especially the application of modern technology to the international settlement in Vietnam.
For her part, Ms. Sharon Toh emphasized that in the context of preparing for the formation of integrated ASEAN Community, it is necessary for Vietnamese commercial banks to consider the application of ISO 20022 to the payment system. She hoped that, in the coming time, SWIFT specialists will intensively analyze and exchange knowledge and experience to help specialized officials from Vietnam to gain more information and experience in the international payment.
TLH