During the meeting, the two sides discussed the possibility of promoting cooperation in the field of digital finance, especially the implementation of the Trade Finance Database (TFR) and the controlled testing mechanism (sandbox) according to Decree No. 94/2025/ND-CP.
Dr. Nguyen Quoc Hung - VNBA Secretary General
Dr. Nguyen Quoc Hung highly appreciated the TFR initiative of the British Consulate General and emphasized the importance of trade finance in the Vietnamese financial system. He expressed his wish to receive support and experience sharing from the UK, especially in implementing phase 2 of the TFR project.
The Doctor emphasized the need to learn from international experience and multi-stakeholder cooperation to develop a digital ecosystem in the banking and finance sector and proposed to coordinate the organization of meetings, seminars and invite relevant agencies, financial institutions, and banks to participate...
Mr. William Lawrenson, Deputy Consul General of the UK, expressed his gratitude for the cooperation of VNBA, recognizing the effective relationship between the two sides in the past time. He emphasized the great potential of the trade finance market in Vietnam (accounting for 24% in ASEAN), and wished to support Vietnam in narrowing the gap in accessing trade finance sources. He also expressed his commitment to continue cooperation in the fields of finance, digital technology, digital transformation and sustainable development, especially in the next phase of the TFR Project.
Mr. William Lawrenson, Deputy Consul General of the UK
In addition, the two sides also discussed other cooperation contents such as: Coordinating the organization of specialized seminars on sandbox, digital finance, security, digital assets; Establish an interdisciplinary working group chaired by VNBA, with members from banks, fintech enterprises and international experts; Organize a foreign survey delegation to visit and learn from experience in applying digital technology...
The two sides agreed to continue to closely coordinate and concretize cooperation activities to build a modern, sustainable and internationally integrated digital financial ecosystem in Vietnam in the coming time.
VNBA News
