The State Bank of Vietnam hosted discussions with the International Finance Corporation’s (IFC) Country Director for Vietnam, Laos and Cambodia, Thomas Jacobs, focused on deepening cooperation and aligning IFC support with Vietnam’s banking and capital market priorities. The meeting also reviewed the long-running partnership, including Vietnam’s completion of capital contribution obligations to IFC, which IFC linked to an enhanced national standing within the institution and greater financing capacity for projects in Vietnam. Vietnam was described as being among the seven largest recipients of IFC support, with IFC reporting around USD 600 million of long-term investment each year and total commitments of more than USD 19 billion over the past 30 years. The State Bank of Vietnam requested continued IFC engagement on implementing the new Law on Credit Institutions and on sector priorities including digital transformation, green growth, inspection and supervision, and capital market development, alongside joint work to assess new financial products and private-sector initiatives; the central bank cited prior IFC assistance including work on a circular for environmental and social risk management and support for banks participating in a global trade finance programme. IFC also outlined plans for the World Bank Group Spring Meetings 2025 in April 2025 in Washington, D.C., and invited the State Bank of Vietnam to attend.

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