Singapore’s Monetary Authority (MAS) Through two important agreements signed on March 12, it deepened financial cooperation with Vietnam, strengthened economic ties and promoted innovation between the two countries.
With the mass Vietnam State Bank (SBV) We have strengthened our MOU on financial innovation to expand cooperation with digital innovation projects, increase payment connectivity and support fintech businesses in both markets.
Chia der Jiun, Managing Director of MAS, said,
“Today, this upgraded MOU exchange reaffirms our commitment to helping to develop the financial sector, including Fintech’s innovation and payment connectivity.”
In another agreement, MAS and the Vietnam Securities Commission (SSC) have signed a letter of intent (LOI) to promote cooperation between regulators and increase capital market integrity and stability.
LOI focuses on digital asset regulations, money laundering anti-money laundering (AML), and counterterrorism financing (CTF) measures, and capacity building in cross-border capital market connectivity.
SSC Chair Vu Thi Chan Phuong said
“Vietnam-Singapore relations have been upgraded to a comprehensive strategic partnership in which economic, financial and investment cooperation is becoming increasingly deeper, closer and effective.”
“This LOI continues to affirm a new step and creates an important foundation for two capital market regulators to strengthen cooperation, exchange expertise and share experiences to contribute to the development of capital markets in general and digital asset markets in particular.”
The exchange of both agreements was witnessed by his Excellency between Singapore Prime Minister Lawrence Wong and Lam, the general secretary of the Communist Party of Vietnam, during his official visit to Singapore from March 11-13, 2025.
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