The State Bank of Vietnam (SBV) hosted a Hong Kong delegation led by the Hong Kong Monetary Authority (HKMA), alongside the Federation of Hong Kong Industries and the Hong Kong Association of Banks, to review bilateral banking cooperation and discuss priority areas for deeper engagement. Discussions referenced the scale of Vietnam–Hong Kong trade and investment links, including Hong Kong’s position as Vietnam’s second-largest ASEAN trade partner and sixth globally, and Hong Kong ranking fifth among investors in Vietnam with 2,164 projects and nearly USD 34.1bn in registered capital. The SBV and HKMA noted their cooperation framework dating back to 2008 and reported that commercial banks on both sides have established more than 500 correspondent banking relationships. The SBV highlighted international cooperation needs in green credit, cross-border payment connectivity and digital transformation, while the Hong Kong side shared experience in green finance and green bond issuance, fintech ecosystem development, cross-border payment initiatives, digitalisation and the use of artificial intelligence in banking.
State Bank of Vietnam 2025-09-15
State Bank of Vietnam meets Hong Kong Monetary Authority and industry groups to broaden cooperation on green finance and cross-border payments
The State Bank of Vietnam (SBV) and the Hong Kong Monetary Authority (HKMA) reviewed bilateral banking cooperation, emphasizing Vietnam–Hong Kong trade and investment ties. Discussions highlighted the need for international cooperation in green credit, cross-border payment connectivity, and digital transformation, with Hong Kong sharing insights on green finance, fintech, and AI in banking. The SBV and HKMA have maintained a cooperation framework since 2008, establishing over 500 correspondent banking relationships.