The State Bank of Vietnam published an update on Deputy Governor Nguyen Ngoc Canh’s participation in an online dialogue between ASEAN central bank governors and CEOs of regional financial institutions, held within the 2026 ASEAN financial and banking cooperation summit hosted by the Philippines. The dialogue centred on developing an ASEAN common baseline framework for artificial intelligence governance in finance and building an ecosystem-based approach to address increasing fraud and scams in the region. Participants noted that growing AI use in banking can support innovation, operational efficiency and financial inclusion, but differences in ASEAN legal frameworks may increase compliance costs and constrain cross-border deployment. Nguyen Ngoc Canh supported a voluntary, risk-based and purpose-specific regional principles framework, and argued that ASEAN should prioritise operational guidance for banking given AI’s direct impact on customers and financial stability, including use cases such as fraud prevention, AML/CFT, customer service and decision support. On fraud and scams, the discussion highlighted a shift toward digitally enabled schemes leveraging telecommunications, social media, messaging platforms and e-commerce, and called for stronger coordination among banks, regulators and other stakeholders, including enhanced information sharing, policy dialogue, cross-border pilots and wider cross-sector cooperation.
State Bank of Vietnam 2026-04-09
State Bank of Vietnam supports an ASEAN common baseline framework for AI governance and stronger regional cooperation to counter digital fraud
The State Bank of Vietnam reported on Deputy Governor Nguyen Ngoc Canh’s participation in an ASEAN dialogue on a common baseline framework for artificial intelligence governance in finance and an ecosystem-based approach to rising fraud and scams. Canh backed a voluntary, risk-based, purpose-specific regional framework prioritizing operational guidance for banking use cases such as fraud prevention, anti-money laundering, countering the financing of terrorism, customer service and decision support. Participants also urged stronger coordination and information sharing among banks, regulators and other stakeholders to combat increasingly digital, cross-border fraud.