The Monetary Authority of the State Securities Commission of Singapore and Vietnam has signed a letter with the intention of cooperating on capital market regulation and digital asset inspection.
agreement Both will help regulators share information about regulatory structures, supervisory practices and anti-laundering measures.
The letter aims to increase Vietnam’s ability to develop Digital Asset Regulatory Framework, promoting intensive cooperation between two financial authorities. His financial regulator will share expertise on the oversight.
The agreement aligns with the widespread strengthening of bilateral economic relations after upgrading the Singapore-Vietnam relationship for a comprehensive strategic partnership. It will facilitate anti-terrorism financing and expertise on market integrity.
During an official visit to Singapore, the exchange of Loi was seen in Singapore’s Prime Minister Lawrence Wong and Vietnam General Secretary Lam.
For Singapore’s Assistant Managing Director, Capital Markets, Lim Tuang Lee emphasized the importance of cross-border financial connectivity, stating that the partnership reflects a shared commitment to the stability of the market.
SSC Chairperson Wu Thai Chan Foung highlighted that Singapore-Vietnam in the agreement is a new milestone in economic cooperation, supporting fair and transparent financial markets.
