The State Bank of Vietnam, working with the Bank of Korea, held a wrap-up workshop under the 2024 Bank of Korea Knowledge Partnership Program (BOK-KPP) focused on solutions to strengthen asset management capability and diversify investment of Vietnam’s state foreign exchange reserves. Discussions reviewed the programme report and explored measures to enhance reserve management as Vietnam’s economy develops and the scale of reserves increases. Korean experts presented a set of recommendations for the State Bank of Vietnam to consider in future policy-making, regulation and operational activities. The Bank of Korea delegation also met Deputy Governor Pham Thanh Ha to report the programme’s results and proposed measures, in a context where the State Bank of Vietnam is reorganising its structure, including planned changes to its foreign reserve management function. The Deputy Governor supported expanding bilateral cooperation beyond BOK-KPP, including exchanges of delegations and secondments of State Bank of Vietnam staff for internships at the Bank of Korea, and asked relevant units to continue technical-level discussions to develop an effective cooperation programme.
State Bank of Vietnam 2025-01-15
State Bank of Vietnam and Bank of Korea conclude BOK-KPP 2024 dialogue on strengthening foreign reserve management and investment diversification
The State Bank of Vietnam and the Bank of Korea concluded a workshop under the 2024 Bank of Korea Knowledge Partnership Program, focusing on enhancing Vietnam's asset management and diversifying its foreign exchange reserves. Korean experts provided recommendations for future policy-making and operational activities, while Deputy Governor Pham Thanh Ha advocated for expanded bilateral cooperation, including staff exchanges and internships.