State Bank of Vietnam outlines banking-sector international economic integration programme at first meeting of revamped interagency steering committee

The State Bank of Vietnam (SBV) published an update on Deputy Governor Nguyen Ngoc Canh’s participation in the first 2025 meeting of the Interagency Steering Committee on International Economic Integration, where he set out banking-sector priorities for international integration and reported progress on implementing the Government’s integration agenda. The steering committee, reconstituted under the Prime Minister’s Decision 1812/QD-TTg, has 15 members chaired by the Minister of Industry and Trade and includes SBV among 13 ministerial-level members plus four deputy chairpersons of centrally governed cities. SBV highlighted measures including issuing an implementation plan (Decision 2971/QD-NHNN) for Government Resolution 153/NQ-CP and the roadmap for participation in free trade agreements to 2030 with a 2035 vision, working with the Ministry of Foreign Affairs on a draft National Assembly resolution on special mechanisms and policies to improve integration effectiveness, and participating in free trade agreement negotiations and market-access discussions while balancing openness with monetary and banking system safety and macroeconomic stability. The update also noted SBV’s engagement in regional and international cooperation forums, its focus areas for mobilising external support (private sector development, digital transformation, innovation, financial inclusion, and green growth and finance), and work to expand cross-border payments cooperation and promote local currency settlement. SBV indicated it will continue coordinating with ministries and agencies via the steering committee to implement Politburo Resolution 59-NQ/TW and related Government priorities on international economic integration.