SBV

The Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV) have agreed on Wednesday to enhance their existing memorandum of understanding (MOU) to further cooperate on financial innovation.

Vietnam and Laos have launched a framework for local currency settlement and cross-border QR code payment connectivity, the State Bank of Vietnam (SBV) and the Bank of the Lao P.D.R. (BOL) said on Friday.

State Bank of Vietnam (SBV), the central bank of Vietnam, has officially joined the regional payment connectivity (RPC) initiative. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development for faster, cheaper, more transparent, and more inclusive cross-border payments.