From June 23 to 27, 2025, a delegation of the State Bank of Vietnam (SBV) led by Deputy Governor Nguyen Ngoc Canh attended the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China.
AIIB’s 10 Years of Achievements: Foundation for Future Cooperation
At the official opening session, the participants jointly reviewed the outstanding achievements of the AIIB during the first decade since its establishment. In his speech, the Head of the Vietnamese Delegation spoke highly of the AIIB's contributions to the global financial system. "During its first decade, the AIIB has demonstrated its agility and innovation in responding to global challenges," Deputy Governor Nguyen Ngoc Canh emphasized.
An overview of the AIIB Board of Governors' Meeting
At the meeting, the Head of the Vietnamese delegation attended the official sessions of the Board of Governors to (i) elect the new AIIB’s President; (ii) update and approve the Resolutions on the AIIB’s operations; (iii) attend and speak at the Governors' Business Roundtable; and (iv) act as a keynote speaker at the Seminar with the theme of "Building ASEAN Regional Connectivity through Innovative Partnerships". In addition, the Vietnamese delegation also had bilateral meetings with senior leaders and a number of partners from the Chinese finance and banking sector.
At the Seminar themed “Building ASEAN Regional Connectivity through Innovative Partnerships”, Deputy Governor Nguyen Ngoc Canh emphasized the concept of people-centered development. Instead of focusing on technical indicators of infrastructure, this is a more comprehensive approach, viewing connectivity as a tool to create opportunities and improve the quality of life. This is especially important in the context of ASEAN moving towards a unified and sustainable economic community.
The head of the Vietnamese delegation continued to attend and deliver a speech at the Governors' Business Roundtable with the theme of "Promoting Infrastructure Development and Connectivity", in which Deputy Governor Nguyen Ngoc Canh shared about Vietnam’s practical experience and strategic visions on infrastructure development.
Deputy Governor Nguyen Ngoc Canh speaks at the Roundtable
Within the framework of the meetings with the senior leaders at the AIIB in charge of finance, treasury and investment, the two sides discussed on many potential areas of cooperation, focusing on investing in bonds issued by the AIIB, managing and developing the AIIB’s investment portfolio in Vietnam, as well as developing innovative and creative financial products. The SBV Deputy Governor expressed his hope that Vietnamese financial institutions could participate more in-depth in the high-quality investment channels, not only to diversify their investment portfolios, but also to contribute to supporting the AIIB’s sustainable development objectives. It is also Vietnam’s hope that the AIIB would continue to support the country in the priority areas of: green transition, digital transformation, smart infrastructure development, and mobilizing private capital for sustainable development projects.
In addition, the Vietnamese delegation also attended other activities to strengthen and expand cooperation with various partners, including a number of meetings with partners in the Chinese banking sector to enhance the banking cooperation between the two countries.
Bilateral meetings between SBV Deputy Governor Nguyen Ngoc Canh and Mr. Zhang Weiwu, Senior Executive Vice President of the ICBC
The meetings focused on potential cooperation areas, including: bond investment with innovative financial products, green credit to support Vietnam's green transition, trade finance to promote the bilateral trade, and especially cutting-edge cross-border payment solutions such as the QR code payment connections between the two countries, creating great conveniences for the businesses and people of the two countries in trade and tourism transactions.
MQ