To commence the meeting, IFC representatives—Mr. Lam Bao Quang, Director of the IFC Hanoi Office, and Ms. Vanessa Vizcarra Bianchi, Financial Institutions Advisory Manager for Vietnam, Lao PDR, and Cambodia—extended their congratulations to Dr. Dao Minh Tu on his recent appointment to his new leadership role at VNBA.
VNBA Vice Chairman cum Secretary General - Dr. Dao Minh Tu
Highly appreciating the fruitful cooperation over the past years, the IFC representatives underscored their commitment to a long-term accompaniment with the Vietnamese market. As a testament to this commitment, IFC has continuously increased its record investments to support the private sector, providing supply chain financing solutions and risk management tools for banks amid the growing need for economic development resource mobilization.
Mr. Lam Bao Quang, Director of the IFC Hanoi Office
During the visit, IFC provided a general overview of the financial solutions currently being explored for the Vietnamese market. Fundamentally, these tools leverage IFC’s international credibility to stand alongside commercial banks, serves as a catalyst, encouraging banks to confidently expand their lending to priority sectors, such as small and medium enterprises (SMEs), agriculture, and sustainable development projects.
The IFC delegation expressed their desire for VNBA, acting as the primary hub for the banking community, to assist in disseminating these international practices. Furthermore, they hope VNBA will serve as a bridge to engage with regulatory agencies to gradually refine the relevant legal frameworks.
Acknowledging the insights shared by IFC, Dr. Dao Minh Tu welcomed initiatives that bring added value to Vietnam's financial market. He noted that diversifying risk-sharing instruments is a positive approach, helping to alleviate pressures on credit institutions as they fulfill their economic funding objectives.
Ms. Vanessa Vizcarra Bianchi, Financial Institutions Advisory Manager for Vietnam, Lao PDR, and Cambodia of IFC
Emphasizing "practicality and effectiveness," the VNBA leader noted that any new product introduced to the market must demonstrate clear benefits to the operations of commercial banks while strictly complying with systemic safety requirements and legal regulations.
In the spirit of collaboration, Dr. Dao Minh Tu affirmed VNBA's readiness to coordinate with IFC in organizing thematic workshops for introduction and consultation purposes. He recommended that IFC prepare comprehensive documentation regarding the operational mechanisms and economic benefits of the products to facilitate deeper discussions.
The courtesy meeting concluded in an open and constructive atmosphere, marking a strong consensus on future cooperative directions. Both parties are committed to maintaining communication channels, working towards the realization of joint programs that yield practical benefits for the banking system in the foreseeable future.
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