On 12 March 2025, the Monetary Authority of Singapore (MAS) and the State Securities Commission of Viet Nam (SSC) have signed a Letter of Intent (LOI) to enhance collaboration in capital markets regulation and the digital asset regulatory framework. The LOI was exchanged during the Official Visit of His Excellency Communist Party of Vietnam General Secretary To Lam to Singapore from 11-13 March 2025, witnessed by Singapore Prime Minister Lawrence Wong.
The agreement aims to protect the integrity and stability of the capital markets in Singapore and Viet Nam, while fostering cross-border connectivity. Under this partnership, both regulatory authorities will focus on capacity building, regulatory alignment, and anti-money laundering (AML) and counter-terrorism financing (CFT) initiatives. The LOI will facilitate mutual knowledge-sharing in regulatory frameworks for capital markets and digital assets for both nations.
The LOI was signed on 12 March 2025 to strengthen regulatory enforcement, enhance cross-border investment facilitation, and improve the oversight of digital assets. LOI sets the groundwork for deeper regulatory integration, ensuring that both MAS and SSC adhere to international best practices in financial oversight.
Mr. Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, stated, “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.”
Ms. Vu Thi Chan Phuong, Chairperson of SSC stated, “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.”
