On December 16, 2025, Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam (SBV) chaired a meeting of the Council of the International Bank for Economic Co-operation (IBEC) to review the Bank’s operational performance over the past year and discuss orientations for the coming period.
Deputy Governor Nguyen Ngoc Canh chairs the IBEC Council Meeting
Under the chairmanship of Deputy Governor Nguyen Ngoc Canh, the Council reached consensus on a number of key strategic issues of importance to the IBEC’s future development. In particular, the Council discussed updates to the IBEC’s founding documents aimed at creating more favorable conditions for the Bank to fully leverage its strengths and potential, with a view to becoming a modern, robust, and truly effective international financial institution with high competitiveness, operating in line with the international standards. These updates are intended to enable the IBEC to continue adapting and developing in the new context, thereby better fulfilling its mission of supporting the member countries.
In addition, the Council approved several other important matters, including the Bank’s operating budget for 2026, orientations for the development of its information technology system, and the approval of credit facilities for clients.
Deputy Governor Nguyen Ngoc Canh and other delegates attending the IBEC Council Meeting
On behalf of the Vietnamese delegation, Deputy Governor Nguyen Ngoc Canh asserted that Viet Nam always recognizes the IBEC’s operational potential across its member countries, and reaffirmed that, as a founding member, Viet Nam will continue to act as a responsible member alongside other members in accompanying the IBEC on its development path. The SBV Deputy Governor also expressed his confidence that the IBEC will continue to contribute to sustainable development, enhance regional connectivity, and meet the growing needs of the member economies in line with the Bank’s established mission.