Singapore And Viet Nam Enhance Collaboration In Capital Markets Regulation And Digital Asset Regulatory Framework

The Monetary Authority of Singapore (MAS) and the State Securities Commission of Viet Nam (SSC) have agreed today to collaborate on building capacity to protect the integrity and stability of, and promote connectivity between, the capital markets of the two countries. The two agencies have agreed to collaborate on capacity building in support of the development of the digital asset regulatory framework for Viet Nam.

2  The Letter of Intent (LOI) will facilitate the sharing of information on regulatory frameworks for capital markets and digital assets, sharing of experience in anti-money laundering and counter-terrorism financing, and building of capacity as well as mutual sharing of experiences and frameworks for the regulation and supervision of capital markets and digital assets.

3  Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said, “Singapore and Viet Nam share a longstanding, multi-dimensional partnership in capital markets, strengthened through bilateral engagements and cooperation at regional and international forums. The exchange of this LOI reflects our commitment to support each other to protect the integrity and stability of our capital markets while promoting cross-border connectivity. This LOI will also allow MAS and SSC to learn from each other and foster deeper collaboration.”

4  Ms Vu Thi Chan Phuong, Chairperson of SSC said, “Viet Nam-Singapore relationship has been upgraded to a Comprehensive Strategic Partnership, in which economic, financial and investment cooperation has become increasingly in-depth, close and effective. This LOI continues to affirm a new step forward, creating an important foundation for the two capital market regulators to strengthen cooperation, exchange expertise and share experiences to contribute to the development of the capital market in general and the digital asset market in particular, contributing to the goal of ensuring the integrity of the financial markets of the two countries and the region. We believe and expect that the LOI will create conditions for the capital market and digital asset market of the two countries to continue to develop more stably, fairly, transparently and sustainably in the future.”

5  The exchange of the LOI was witnessed by Singapore Prime Minister Lawrence Wong and His Excellency Communist Party of Vietnam General Secretary To Lam during the latter’s Official Visit to Singapore from 11-13 March 2025.