The State Bank of Vietnam (SBV) reported that its Deputy Governor Pham Thanh Ha co-chaired the Financial Stability Board (FSB) Asia Regional Consultative Group (RCG) meeting in Sydney on 7–8 October 2025 alongside Reserve Bank of Australia Governor Michele Bullock, marking SBV’s first time serving as an RCG co-chair. The meeting reviewed macroeconomic and financial stability developments and discussed key risks to the financial system. Discussions focused on vulnerabilities in the global and regional financial system, crisis preparedness, digital assets, operational risk, liquidity risk and other financial risks, with participation from financial and monetary authorities across Australia, Vietnam, Brunei, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, Singapore and Thailand, as well as the FSB, International Monetary Fund and World Bank Group. On the sidelines, Pham Thanh Ha met Reserve Bank of Australia Assistant Governor Brad Jones and the two sides agreed, under their bilateral memorandum of understanding, to continue information exchange and experience sharing to strengthen data-management capacity in support of financial and banking system stability in both countries.
State Bank of Vietnam 2025-10-09
State Bank of Vietnam co-chairs FSB Asia Regional Consultative Group meeting and deepens data-management cooperation with the Reserve Bank of Australia
State Bank of Vietnam's Deputy Governor Pham Thanh Ha co-chaired the Financial Stability Board Asia Regional Consultative Group meeting in Sydney, focusing on macroeconomic and financial stability. Discussions addressed vulnerabilities in global and regional financial systems, including digital assets and liquidity risk, with participation from financial authorities and international organizations. Pham Thanh Ha and Reserve Bank of Australia Assistant Governor Brad Jones agreed to enhance data-management capacity through continued information exchange.