Vietnam meets with SoKor to diversify investment from state FX reserves

The central bank is also looking to strengthen its asset management capacity.

Vietnam and South Korea’s central bank officials held a dialogue to discuss how to strengthen the asset management capacity and diversify investment from state foreign exchange reserves.

Korean professionals advised Vietnam to improve the state administration of foreign exchange reserves. They proposed a series of relevant solutions for the SBV’s consideration in the development processes of policies and regulations in the coming time.

Bank of Korea (BOK) former deputy governor Jin Jo Hur delivered the opening speech, where he reportedly spoke highly of the State Bank of Vietnam’s (SBV) intention to improve the foreign exchange reserve management capacity in order to develop a strong monetary and financial system.

The BOK delegation also held a meeting with SBV deputy governor Pham Thanh ha to report on the results of the BOK-KPP in 2024, and the proposed solutions of the dialogue.