The State Bank of Vietnam hosted a delegation from the EU-ASEAN Business Council (EU-ABC), with participation from EuroCham Vietnam, for a working session chaired by Deputy Governor Nguyen Ngoc Canh to exchange views on topics raised by European businesses and to support continued cooperation on Vietnam’s financial sector policy and regulatory agenda. The discussion focused on interest rate and exchange rate management, the development of new financial products and hedging tools, bilateral payments in local currencies, and measures to mitigate fraud in online payment transactions. It also covered the direction of harmonising Vietnam’s anti-money laundering (AML) and know-your-customer (KYC) standards with Financial Action Task Force (FATF) recommendations and the transparency principles of the Organisation for Economic Co-operation and Development (OECD), as well as the roadmap for implementing Basel III capital and risk management standards. The session closed with both sides signalling an intention to maintain close engagement and to expand information and experience sharing to support policy implementation and related activities.
State Bank of Vietnam 2025-11-27
State Bank of Vietnam convenes EU-ASEAN Business Council dialogue on monetary policy, payments security, AML KYC alignment and Basel III
The State Bank of Vietnam hosted a session with the EU-ASEAN Business Council and EuroCham Vietnam, chaired by Deputy Governor Nguyen Ngoc Canh, to discuss financial policy and regulatory cooperation. Topics included interest and exchange rate management, financial product development, local currency payments, online fraud mitigation, and alignment of AML and KYC standards with FATF and OECD principles. Both parties committed to ongoing collaboration and information sharing to support policy implementation.