The meeting aimed to strengthen cooperation and discuss opportunities for expanding partnerships in key areas such as international payments, human resource training, and the application of new technologies.
Dr. Nguyen Quoc Hung - Vice Chairman cum Secretary General of VNBA
During the meeting, Dr. Nguyen Quoc Hung introduced the VNBA's functions, duties, member structure, and general operational directions to the HKAB delegation. He also shared notable activities that VNBA is implementing to promote international cooperation in the finance and banking sector.
Developing Cross-Border Payment Systems
Dr. Hung emphasized that Vietnam's payment system is currently operating efficiently and is widely used. VNBA has issued a guide for bilateral QR code payments, which facilitates a unified cross-border payment method for banks and financial institutions. Currently, Vietnam has successfully implemented QR code payments with Thailand, Laos, and Cambodia, and is preparing to expand to China. VNBA also hopes to soon develop international payment products from Vietnam to Hong Kong to help expand regional connectivity.
Focusing on High-Quality Human Resources Training
Regarding training, VNBA is expanding its basic training programs to help member organizations continuously develop their human resources and enhance their professional skills. Specifically, VNBA is focusing on improving the capacity of banking officers in applying artificial intelligence (AI). Many in-depth courses on AI have been organized, attracting a large number of participants.
Ms. Boey Wong, Executive Director of HKAB
In response, Ms. Boey Wong stated that Hong Kong has extensive experience in developing high-quality human resources in the banking sector, especially in training personnel to apply AI. She also shared that HKAB is currently developing a set of professional standards for the banking industry for the next five years.
Signing MOU to Enhance Cooperation
Notably, VNBA leader highly values HKAB's proposal to sign a Memorandum of Understanding (MOU). Dr. Hung affirmed VNBA's readiness to cooperate and sign the MOU, which will serve as a foundation for sharing information, experiences, and developing modern financial services between the two parties. At the conclusion of the meeting, both sides agreed to promote cooperation in the near future, with the goal of signing an official MOU to further expand their bilateral relationship.
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