The Monetary Authority of Singapore and Vietnam’s State Securities Commission have recently signed a Letter of Intent to collaborate on capital markets regulation and digital asset oversight. This partnership is aimed at enhancing Vietnam’s capacity to develop its digital asset regulatory framework while fostering deeper cooperation between the two financial authorities. Through this agreement, both regulators will be able to share information on regulatory frameworks, supervisory practices, and anti-money laundering measures.
The signing of the Letter of Intent aligns with the broader strengthening of bilateral economic ties following the upgrade of Singapore-Vietnam relations to a Comprehensive Strategic Partnership. It will also facilitate the exchange of expertise on counter-terrorism financing and market integrity.
The agreement was witnessed by Singapore Prime Minister Lawrence Wong and Vietnam’s General Secretary To Lam during an official visit to Singapore. Singapore’s Assistant Managing Director for Capital Markets, Lim Tuang Lee, highlighted the importance of cross-border financial connectivity, emphasizing that the partnership reflects a shared commitment to market stability.
SSC Chairperson Vu Thi Chan Phuong also expressed that the agreement marks a new milestone in Singapore-Vietnam economic cooperation, supporting fair and transparent financial markets. This collaboration between the two financial authorities is expected to further strengthen the regulatory frameworks in both countries and promote market integrity.
Overall, the signing of the Letter of Intent between the Monetary Authority of Singapore and Vietnam’s State Securities Commission marks a significant step towards enhancing regulatory cooperation and oversight in the capital markets and digital asset space. This partnership underscores the commitment of both countries to fostering a stable and secure financial environment for investors and market participants.