Meeting with SWIFT Chief Executive Officer Javier Perez Tasso while attending SIBOS 2025 Frankfurt, an annual conference, exhibition and networking event organized by SWIFT for the financial industry, Binh expressed his impression of the event’s influence on the global financial community and suggested SWIFT consider organizing a future SIBOS in Vietnam, positioning the country as a dynamic and emerging financial hub in the region.
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Deputy Prime Minister Nguyen Hoa Binh visits the State Bank of Vietnam's booth at SIBOS 2025 Frankfurt. |
He praised the society’s efforts in connecting the international financial system and thanked SWIFT’s partnership over more than three decades, helping the State Bank of Vietnam and other credit institutions of Vietnam develop a safe and modern international payment system.
Sharing Vietnam’s progress in building an international financial center in Ho Chi Minh City and Da Nang city, Binh said this is a major policy approved by the National Assembly, aimed at making Vietnam a regional and global financial destination, creating new momentum for economic development.
Vietnam wants to receive support from international financial organizations, including SWIFT, so that its international financial center could be aligned with global financial system, especially in the fields of payments and digital financial services, Binh said.
The SWIFT leader underscored Vietnam’s significance in the society’s global development strategy, affirming its continued coordination to foster international financial connectivity.
He said SWIFT will unveil a new strategic direction at SIBOS, including the implementation of blockchain in its technology infrastructure to support secure payment of digital assets like tokens and stablecoin, stressing that this is a bold step that will open new cooperation opportunities for developing economies like Vietnam.
Visiting the State Bank of Vietnam’s booth arranged at the event from September 29 to October 2, Binh praised the banking sector’s pioneering role in innovation and application of financial technologies, while affirming that attending SIBOS 2025 Frankfurt helps popularize Vietnam’s finance - banking industry and creates opportunities for experience sharing to improve competitiveness as well as promoting the development of the international financial center.
SIBOS drew more than 10,000 participants, including global policymakers, financial leaders, and technology experts. With over 500 speakers, 250 sessions, and 120 exhibition booths, discussions spanned a wide range of fields such as payments, securities, foreign exchange, trade, AI, and Environmental, Social, and Governance (ESG).
Originally launched as a banking seminar in 1978, SIBOS has evolved into a premier global forum, held across Europe, North America, and Asia-Pacific.
Vietnam has attended in SIBOS since 2009, with the central bank coordinating with major commercial banks to organize joint exhibitions in Hong Kong (China) in 2009, Singapore in 2015, Beijing in 2024, and Frankfurt this year. The presence of Vietnamese banks at SIBOS represents an important step in the journey of deep integration into the global financial community.
Source: VNA