SBV Deputy Governor Pham Thanh Ha (third, from right) represents SBV at the signing ceremony. (Photo: VNA)
Jakarta (VNA) – The State Bank of Vietnam (SBV), has officially joined the Regional PaymentConn🅠ectivity (RPC) initiative.
The recent development is an expansion of the Memorandum ofUnderstanding on Cooperation in Regional Payment Connectivity (MOU RPC) initiated by the central banks of Indonesia, Malaysia, Philippines,Singapore, and Thailand on the sidelines of the G20 Leaders’ Summit on 14November 2022 in Bali. On the sidelines of the 10th ASEAN Finance Ministers’ andCentral Bank Governors’ Meeting (AFMGM) on August 25 in Jakarta, Vietnam's central bank signed the Supplemental Pages of the MOU RPC. The RPC initiative was established to strengthen and enhancecollaboration on payment connectivity through the development of faster,cheaper, more transparent, and more inclusive cross-border payments. According to the MoU, member central banks agreed to promotecross-border payment connectivity based on the application of such payment methods as QR Code, instant payment, and other payment models, as well ascooperation in monitoring and building a sound risk management mechanism inline with the legal framework of member countries. Mechanisms for implementingMoU include dialogue, monitoring, evaluation, and information exchanges. Within the frameworkof the Working Group on the ASEAN Payments System (WC-PSS), the members highlyappreciated this initiative of the five ASEAN central banks (ASEAN5) andencouraged the participation of ASEAN members. Appreciating the potential benefits and opportunities fromthe initiative, the SBV coordinated with ASEAN5 central banks to complete theprocedures to officially become the 6th member of the MoU, which demonstrates its commitment to cooperation and integration in the payment field, in linewith the orientation of the Vietnamese Government and central bank as well as thecurrent trend of promoting cross-border payments./.
A cross-border payment system between the five ASEAN countries of Thailand, Singapore, Malaysia, the Philippines, and Indonesia will be fully connected next year, according to Bank Indonesia (BI) Governor Perry Warjiyo.
The 42nd ASEAN Summit in Labuan Bajo, Indonesia, has adopted the Leaders’ Declaration on Advancing Regional Payment Connectivity and Promoting Local Currency Transaction.
The National Bank of Cambodia (NBC) will soon sign agreements with the Bank of Lao (BOL), the State Bank of Vietnam (SBV) and other countries in the region to boost the usage of the local currency in the economy through technological advancement that makes it easier for the people, NBC’s Deputy Governor Chea Serey has said.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
SBV Deputy Governor Pham Thanh Ha (third, from right) represents SBV at the signing ceremony. (Photo: VNA) 
