On April 15, 2026, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Ngoc Canh held a meeting with a delegation from the US-ASEAN Business Council (US-ABC).
Representing US-ABC was Mr. Brian McFeeters, President and CEO and former US Ambassador, along with representatives from Citibank, Visa, Mastercard, Amazon, Apple, Coca-Cola, Exxon Mobil, Intel, PepsiCo, Manulife, UPS, and other member companies.
Overview of the meeting
At the meeting, Deputy Governor Nguyen Ngoc Canh highly appreciated the role of US-ABC in promoting policy dialogue between the U.S. business community and Vietnamese regulatory agencies, including the SBV. The Deputy Governor emphasized that, in recent years, the SBV has conducted monetary policy in a proactive and flexible manner while accelerating the improvement of the institutional framework, payment infrastructure, and digital transformation in order to create a transparent, stable, and favorable financial environment for foreign investors to operate in Vietnam over the long term.
During the meeting, the two sides exchanged views on a number of issues, including the legal framework for clearing mechanisms; the use of the SWIFT messaging system in banking operations; regulations on factoring; credit growth limits and foreign ownership caps in the banking sector; and the contributions of U.S. businesses to the banking sector, particularly in promoting digital transformation, cashless payments, and the security and safety of payment systems.
Deputy Governor Nguyen Ngoc Canh speaks at the meeting
Sharing the SBV’s future policy management directions, the Deputy Governor stated that the SBV will continue to closely coordinate with fiscal policy and other macroeconomic policies to ensure effective inflation control, maintain macroeconomic stability, and support economic growth. In 2026, the SBV targets credit growth of around 15% for the entire system, with adjustments to be made in line with actual conditions.
At the same time, the Deputy Governor expressed his agreement with the Delegation’s recommendations on diversifying capital mobilization channels and further developing the capital and stock markets in both depth and breadth to attract more resources for the economy.
Mr. Brian McFeeters, President and CEO of US-ABC, speaks at the meeting
For his part, Mr. Brian McFeeters highly praised the SBV’s achievements in monetary policy management and the development of the financial and banking sector, which have contributed to maintaining macroeconomic stability. He also expressed his support for the SBV’s direction in developing a synchronized and modern payment system, as well as promoting green finance and digital transformation. He affirmed that U.S. businesses are ready to contribute resources, experience, and technology to support this process.
In conclusion, Deputy Governor Nguyen Ngoc Canh appreciated the Delegation’s opinions and recommendations, affirming that these serve as useful references for the SBV in the process of formulating and implementing policies. The Deputy Governor expressed his hope that the two sides would continue to maintain close cooperation, strengthen information exchange, and coordinate effectively in the time ahead, thereby contributing to the development of Vietnam’s financial and banking sector toward modernization, transparency, and deeper international integration.