Hanoi, November 10, 2025 – Mr. Nguyen Ngoc Canh, Deputy Governor of the State Bank of Vietnam (SBV), attended the 2025 Annual Vietnam Business Forum (VBF) in Hanoi. The forum was held under the theme “Businesses partnering with Government for a green transition in the digital era”. Prime Minister Pham Minh Chinh presided over the event, which was co-organized by the World Bank, the International Finance Corporation, and the Vietnam Business Forum Alliance.
Prime Minister Pham Minh Chinh speaks at the Forum
The Forum served as a dialogue channel between the Government and the business community/foreign sponsors on improving the business investment environment. It highlighted the role and responsibility of businesses in promoting and implementing green transition in the digital era through the development of science, technology, innovation, infrastructure, investment, trade, energy, the green economy, and the quality of human resources.
Regarding banking sector-related content, Mr. Takao Nozaki, Chairman of the Banking Working Group (BWG), spoke at the Forum. He highly appreciated the SBV's impressive achievements in leading, managing monetary policy, and banking activities, as well as meeting economic targets and delivering effectiveness. In the banking sector, green transition and digital transformation are increasingly playing vital roles in enhancing competitiveness and flexibly adapting to market fluctuations. The SBV has demonstrated a pioneering role in promoting both green transition and digital transformation.
Promoting green transition in banking by perfecting the legal framework, mechanisms, and policies: Environmental criteria and the classification of green projects form the basis for banks to screen and report green credit. Public-private partnerships and international cooperation are being promoted, while the application of ESG standards and big data management aims to increase project efficiency and advance the circular economy.
Promoting digital transformation: Numerous initiatives, conferences, and specialized seminars have been implemented. The SBV advised the Government to issue Decree No. 94/2025/ND-CP dated April 29, 2025, regulating the Sandbox in the banking sector. Smart infrastructure, the Internet of Things (IoT), and digital energy management are being developed to support businesses in using green energy. Support for small and medium-sized enterprises (SMEs), green tech startups, and enhanced capacity for monitoring Fintech have also been strengthened.
Conclusion and continued coordination
In his concluding remarks, Prime Minister Pham Minh Chinh highly appreciated and sincerely thanked the support, cooperation, and assistance of international friends and partners, and the participation of the business community, which have contributed to helping Vietnam achieve important accomplishments across various fields.
Overview of the Forum
The Prime Minister stated that this year's theme is timely and profoundly significant, set in the context of both the world and Vietnam considering green transition and digital transformation as key drivers for rapid and sustainable development. This also reflects the political determination and actions of the Vietnamese Party, State, and Government in promoting growth based on renewing traditional growth drivers and effectively harnessing new ones – in parallel with building an independent, self-reliant economy associated with deep, substantive, and effective international integration.
Taking time to share about Vietnam's development process and achievements in recent years, Prime Minister Pham Minh Chinh once again highly appreciated and thanked the support, cooperation, and assistance of international friends and partners, and the participation of the business community. The private sector, including FDI enterprises, contributes very importantly to the Vietnamese economy.
Deputy Governor Nguyen Ngoc Canh at the Forum
At the Forum, Deputy Governor of the SBV Nguyen Ngoc Canh received the opinions from the Banking Working Group. The SBV will continue to closely coordinate to address issues related to monetary policy, green transition, digital transformation, payment activities, and Fintech, aiming to create a favorable environment for business development and green finance in the digital era.
HM