State Bank of Vietnam Switzerland visit agrees cooperation with the Swiss National Bank on monetary policy and financial stability

The State Bank of Vietnam (SBV) reported that Deputy Governor Pham Thanh Ha joined the Government delegation’s 28-30 January 2026 visit to Switzerland to deepen bilateral cooperation and learn from Switzerland’s experience in operating and developing a financial centre, with a view to supporting Vietnam’s newly formed International Financial Center. The trip included high-level meetings with Swiss President Guy Parmelin and the Speaker of the House of Representatives Pierre André, alongside a dedicated session with the Swiss National Bank (SNB). In the SNB meeting, Board of Governors member Rosmarie Schlup shared experience on inflation control, risk management and financial system stability, with an emphasis on long-term price stability through independent and transparent monetary policy, and on financial stability through a strict regulatory framework, high capital standards and risk-based supervision for key banks; SBV and SNB agreed to cooperate and share experience. The delegation also held dialogues with Swiss banks and business groups including UBS, Sygnum, Safra Sarasin, the Vietnam-Switzerland Economic Forum and the Swiss-Asian Chamber of Commerce to promote trade and investment cooperation, including in areas such as green finance and digital finance; SBV highlighted ongoing work to strengthen the banking legal framework and noted that the banking system’s total assets are about twice the size of the economy. SBV said the Swiss-side experience will serve as a reference for completing the legal framework and organising the operation of Vietnam’s financial centre.