Switzerland supports Vietnam in training bank executives

The program, which will run from 2022 to 2027, will provide support with a grant of five million Swiss francs (about 5.4 million USD).

Governor of the State Bank of Vietnam Nguyen Thi Hong

The banking industry plays a central role in efforts to sustain the high rate of economic growth. As the sector is still prone to external instabilities, strengthening the banking sector to narrow the gaps with international standards is strategically important. 

The Swiss BET program offers the instruments required by the Vietnamese banking and financial industry to improve management practices in respective institutions. Building on the success of the previous program phases, Swiss BET will be governed by a partnership of the SBV and the State Secretariat for Economic Affairs (SECO).

The Swiss Finance Institute (SFI), the project-implementing agency, will provide expert training. The SFI will train more than 240 Vietnamese bank executives and hundreds of central bankers on the latest state-of-the-art banking management practices.

Source: VNA