The State Bank of Vietnam published an update on the 30th meeting of the ASEAN Senior Level Committee on Financial Integration (SLC), co-chaired with Bank Indonesia in Yogyakarta, where deputy governors reviewed the region’s financial integration agenda and took stock of work underway for the ASEAN Economic Community (AEC) 2026–2030 Strategic Plan and the 2026–2030 Finance Sectoral Plan. International organisations briefed the SLC on the global and regional outlook, with the Bank for International Settlements highlighting weaker 2025 global growth and inflation prospects amid heightened uncertainty and financial volatility, including risks linked to public debt burdens, elevated household inflation expectations and the growing role of non-bank financial institutions in liquidity provision. The ASEAN+3 Macroeconomic Research Office projected ASEAN growth at 4.4% in 2025 and 4.2% in 2026, supported mainly by domestic demand, and discussed risks from trade protectionism, financial volatility and commodity prices while calling for faster implementation of regional integration initiatives. Discussions also covered SLC initiatives including the ASEAN Green Map, the ASEAN Taxonomy, cybersecurity incident information sharing and the ASEAN swap arrangement, alongside working-group priorities on payments connectivity, financial inclusion, capital account liberalisation and stronger capacity to manage financial risks; Vietnam’s Risk Monitoring Report flagged cybersecurity and digital vulnerabilities, regulatory fragmentation particularly for fintech, digital innovation and green finance, and spillovers from global shocks. The 31st SLC meeting is scheduled to be hosted by the Bangko Sentral ng Pilipinas as ASEAN Chair in 2026, with participants aiming to keep the AEC and finance-sector plans on track and continue advancing practical cooperation initiatives.
State Bank of Vietnam 2025-09-19
State Bank of Vietnam co-chairs 30th ASEAN Senior Level Committee on Financial Integration meeting and presents ASEAN banking risk monitoring report
The State Bank of Vietnam reported on the 30th ASEAN Senior Level Committee on Financial Integration meeting, co-chaired with Bank Indonesia, focusing on the ASEAN Economic Community 2026–2030 Strategic Plan and Finance Sectoral Plan. Discussions included global and regional economic outlooks, risks from financial volatility, and initiatives like the ASEAN Green Map and payments connectivity. Vietnam highlighted cybersecurity, regulatory fragmentation, and digital innovation in its Risk Monitoring Report.