Deputy Prime Minister Le Minh Khai (R) receives General Manager of the Bank for International Settlements (BIS) Agustin Carstens in Hanoi. (Photo: VNA)
Hanoi (VNA)🅘– Deputy Prime Minister Le Minh Khai received General Managerof the Bank for International Settlements (BIS) Agustin Carstens in Hanoi on September 22.
At the reception, Khai highly appreciated BIS’s innovative activities through theestablishment of innovation hubs with significant, effective projects. He said the State Bankof Vietnam (SBV) has been actively participating in projects of the BIS InnovationHub which helps improve the efficiency of state management and supervision ofhigh-tech financial banking operations, ensuring national and internationalfinancial and monetary stability.
Deputy Prime Minister Le Minh Khai (right) and General Manager of the Bank for International Settlements (BIS) Agustin Carstens. (Photo: VNA)
Vietnam hopes that BISwill pay attention to and continue to deploy forums and initiatives in Vietnam tofurther tighten the relationship between the two sides, and help Vietnamimprove the efficiency of banking system management, Khai said. For his part, Carstens said that BIS is an international monetary and financial institutionthat is considered the "bank of central banks" and now has 63 members. BIS's offer to the SBV tobecome its official member affirmed that BIS highly appreciated Vietnam'sposition, he said, adding that its members are countries that can makeimportant contributions to the global finance and economy. Sharing the pillars ofBIS's operations, Carstens emphasised that dialogue and cooperation amongmembers help increase trust, thereby making faster decisions related to financeand banking. As Vietnam is a new BISmember, the country’s participation in those activities is important, he stressed. The general manager hoped that the SBV willparticipate more and more actively in BIS's activities. According to the general manager, from 2020 until now, fluctuations all over the world provedthe important role of central banks, especially in responding to risinginflation. This is the first time high inflation has occurred simultaneously in many countries and central banks have taken "collective actions" torespond. He highly appreciated theactions of Vietnam, particularly the SBV in fighting inflation, andensuring the health of the Vietnamese economy. Carstens affirmed those are thefoundation for Vietnam's economy to soon return to a high growth trajectory. Hesaid that the cooperation between BIS and the SBV in providing banking servicesis fruitful, including foreign exchange reserves./.
The Monetary Authority of Singapore (MAS) said on March 23 that the Nexus Project prototype of the Bank for International Settlements (BIS) has successfully connected with the payment systems of Europe, Malaysia and Singapore.
The Vietnamese Trade Office in India and the Bureau of Indian Standards (BIS) on April 26 organised a webinar on BIS’s regulations and certification procedures for foreign manufacturers, attracting the participation of more than 60 Vietnamese firms.
Commercial banks in Vietnam have invested a total of 15 trillion VND (629.7 million USD) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.
The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Deputy Prime Minister Le Minh Khai (R) receives General Manager of the Bank for International Settlements (BIS) Agustin Carstens in Hanoi. (Photo: VNA) 
Deputy Prime Minister Le Minh Khai (right) and General Manager of the Bank for International Settlements (BIS) Agustin Carstens. (Photo: VNA) 
