The State Bank of Vietnam (SBV) published an update on its 2025 bilateral talks in Phnom Penh with the National Bank of Cambodia (NBC), co-chaired by SBV Governor Nguyen Thi Hong and NBC Governor Chea Serey. The dialogue covered macroeconomic conditions, monetary policy operations and banking-sector developments, and reaffirmed priorities for bilateral banking cooperation, including cross-border QR code payment connectivity to support local-currency use and limit dollarisation. The exchanges also addressed spillovers from major-economy trade policies on open economies, the use of payment technology to promote domestic-currency transactions, and organisational reforms aimed at improving central bank management and operations. NBC referenced Vietnam’s economic growth of over 7.5% in the first half of 2025, inflation of around 3.3% and exchange-rate stability, and noted SBV’s progress in strengthening the inspection and supervision framework while implementing Basel II and moving toward Basel III with a focus on credit quality and liquidity risk. The programme included a dialogue with Vietnamese commercial banks operating in Cambodia (BIDV, Agribank, SHB, MB and Sacombank), alongside visits to BIDV-owned Bank for Investment and Development of Cambodia (BIDC) and Agribank’s Cambodia branch. The next high-level bilateral dialogue is planned to be held in Vietnam in 2026.
State Bank of Vietnam 2025-08-25
State Bank of Vietnam and National Bank of Cambodia agree to advance cross-border QR payments and maintain regular high-level dialogue
The State Bank of Vietnam and the National Bank of Cambodia held talks in Phnom Penh on macroeconomic conditions, monetary policy, and banking cooperation, including cross-border QR code payment connectivity. They discussed major-economy trade policies, payment technology for domestic-currency transactions, and central bank reforms. The meeting highlighted Vietnam's economic growth, inflation, exchange-rate stability, and SBV's progress in regulatory frameworks and Basel implementation.