The BOT and State Bank of Viet Nam (SBV) have various cooperation with each other as follows:
1) Cooperation on Financial Institution Regulation
In 2010, the BOT and SBV expanded their cooperation on financial institution regulation by signing an MOU on Cooperation and information exchange on Financial Institution Regulation, to enhance regulatory capacity of both the BOT and SBV. Afterwards in 2019, the two central banks signed a new MOU to increase their cooperation on financial institution regulation, particularly on information exchange and financial institution management in crisis time.
2) Cooperation on Payment and Financial Technology
During the first bilateral meeting on 2019, the BOT and SBV signed the Memorandum of Understanding (MOU) on Financial Technology Cooperation to promote the development of financial services that adapt technology as well as provided a channel for financial services to be more efficient, easily accessible with lower operational costs, as well as acting as a cooperation framework on digital payment which will promote financial service connectivity between Thailand and Viet Nam.
Signatory in various MOUs between the BOT and SBV will foster close cooperation between Thailand and Viet Nam, both in terms of financial institution stability and financial development. This will lead to payment system connectivity between the 2 countries and sub-region, as well as foster sustainable economic growth for the 2 countries going forward.
3) Central Banking Cooperation
The BOT and SBV regularly hold bilateral meetings to discuss and exchange ideas on various issues. Moreover in 2006, the BOT and SBV signed the Memorandum of Understanding (MOU) on technical cooperation to support capacity building between the two central banks. Furthermore, the areas of cooperation have been expanded to cover a wider range of topics in 2017.