The State Bank of Vietnam published a readout of Deputy Governor Nguyen Ngoc Canh’s participation in Vietnam’s 23–25 September mission to the United Arab Emirates, focused on learning from the Abu Dhabi Global Market and Dubai International Financial Centre models to support the legal and institutional design of an international financial centre in Vietnam. During meetings with UAE Deputy Prime Minister and Finance Minister Maktoum bin Mohammed bin Rashid Al Maktoum, Cabinet Affairs Minister Mohammed Bin Abdullah Al Gergawi and Minister of Artificial Intelligence Omar Bin Sultan Al Olama, UAE counterparts indicated willingness to share experience and support Vietnam’s project. Key inputs highlighted the need for differentiated advantages, an independent operating authority, a tailored legal framework, and safeguards around safety, transparency and rapid responsiveness to global financial market developments, alongside early engagement of leading financial institutions and a clear positioning in the global financial landscape. The parties agreed to continue policy exchanges, share governance experience and strengthen links between the two countries’ financial centres; the broader discussions also referenced procedures to approve the Comprehensive Economic Partnership Agreement (CEPA) and an ambition to raise bilateral trade to USD 20 billion.
State Bank of Vietnam 2025-09-27
State Bank of Vietnam seeks UAE DIFC and ADGM experience for Vietnam’s planned international financial centre
Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam visited the UAE to explore financial centre models. UAE officials supported the initiative, highlighting the need for a unique legal framework, independent authority, and global market responsiveness. Both parties agreed to enhance policy exchanges and strengthen financial centre ties, discussing the Comprehensive Economic Partnership Agreement and a bilateral trade goal of USD 20 billion.