BIDV participates in the Government's working delegation to Singapore
From January 10 to 14, 2026, a high-level delegation from BIDV, led by General Director Le Ngoc Lam, joined the State Bank of Vietnam delegation led by Deputy Governor Pham Thanh Ha to accompany Deputy Prime Minister Nguyen Hoa Binh and the Government Delegation to participate in events in Singapore.
The purpose of the visit was to strengthen and deepen bilateral cooperation between the two countries, while learning about financial development experiences, connecting and promoting investment in Vietnam's International Financial Center (IFC), contributing to the sustainable development of Vietnam's economy.
During the visit, the Government delegation held a working session with Mr. Gan Kim Yong, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS). Deputy Prime Minister Nguyen Hoa Binh expressed his delight at visiting Singapore in the early days of 2026, thanked the Singaporean Government for its warm and respectful welcome to the delegation, and highly appreciated the impressive socio-economic development achievements that Singapore has made in recent years.
Deputy Prime Minister Gan Kim Yong welcomed the visit of Deputy Prime Minister Nguyen Hoa Binh and the Government Delegation, emphasizing the proactive and positive spirit of the two countries in implementing the Comprehensive Strategic Partnership framework that was established during the official visit of General Secretary To Lam to Singapore in March 2025. Economic cooperation continues to be a highlight in the bilateral relationship, with Singapore remaining the largest investor in ASEAN and ranking second among 153 countries and territories investing in Vietnam, with a total registered capital of over USD 90 billion through 4,400 projects. Vietnam-Singapore Industrial Parks (VSIP) continue to operate effectively and are constantly expanding, with 21 industrial parks currently operating in 14 provinces and cities across Vietnam.
Within the framework of the Singapore Investor Contact Seminar with the theme "Vietnam Financial Center - New Investment Model" and at meetings with the Association of Banks in Singapore (ABS) and the Singapore Economic Development Board (EDB), the Singaporean side expressed interest in banking and foreign exchange issues in Vietnam's financial center, such as the commercial presence of foreign banks in the financial center and regulations on foreign exchange management, including promoting an open mechanism for investment capital flows from the financial center into Vietnam.
Regarding the above issues, the Deputy Governor said that, in recent times, the SBV has actively implemented the Government's directives, particularly in the development of Decree 329/2025/ND-CP to improve the legal framework for the management of banking, foreign exchange, anti-money laundering, and counter-terrorist financing activities in Vietnam's financial market.According to Decree 329/2025/ND-CP, there are two forms of foreign bank presence in the financial market: 100% foreign-owned commercial banks and foreign bank branches. Banks that are members of the TTTC will enjoy special policies that are superior to the current regulations, including: (i) Shortening the time required to obtain a bank establishment license; (ii) More flexible regulations on the organization, governance, and management of banks; (iii) Flexible foreign exchange management policies to attract foreign investment flows into the TTTC.
As a major commercial bank, BIDV has proactively engaged with partners and international organizations within the framework of the program. BIDV is also preparing new banking and financial products and services and developing a modern digital ecosystem to meet the requirements of the TTTC in the coming period.
The working visit of the Vietnamese Government leaders to Singapore was a great success, opening up many important opportunities for cooperation in the field of finance and banking between the two countries and in the development of the financial market in Vietnam.
