The State Bank of Vietnam has issued a sector-wide implementation plan under the government's campaign to strengthen private enterprise development and improve the performance of state-owned enterprises. For the banking sector, the plan calls for central bank units to move from administrative management toward development-oriented regulation and sets priorities for credit institutions, foreign bank branches and enterprises managed by the State Bank of Vietnam to improve operations, direct credit more effectively to production and business, especially private firms, and broaden access to modern financial services. Priority actions for State Bank units include reviewing and improving monetary and banking rules, removing policy bottlenecks, improving the management of monetary policy, credit, foreign exchange and payments, strengthening inspection and supervision, bad debt resolution and restructuring of credit institutions, and continuing administrative simplification, digital infrastructure development and cybersecurity work. For institutions, the campaign focuses on digital and green transition, the use of artificial intelligence, data and automation, stronger governance, risk management and disclosure aligned with international standards, and digitalised credit processes, simpler procedures and specialised financial products for businesses. The plan is also tied to a 2030 objective of placing at least three state-owned commercial banks among Asia's 100 largest by total assets, while developing four state-owned commercial banks as leading institutions in technology, governance, scale, market share and market-regulating capacity.
State Bank of Vietnam2026-06-03
State Bank of Vietnam issues banking sector plan supporting private enterprise with goal of three state-owned commercial banks in Asia top 100 by 2030
The State Bank of Vietnam has issued a sector-wide plan to shift banking supervision toward development-oriented regulation, improve credit institutions and foreign bank branches, and expand access to modern financial services, especially for private firms. The plan prioritises regulatory review, monetary, credit, foreign exchange and payments management, supervision, bad debt resolution, restructuring, digital infrastructure and cybersecurity, and promotes digital and green transition, artificial intelligence, stronger governance and risk management, and simplified, digitalised credit processes. It also targets, by 2030, at least three state-owned commercial banks among Asia’s 100 largest by assets and four state-owned banks as leading institutions in technology, governance, scale, market share and market-regulating capacity.