The State Bank of Vietnam published an update on Governor Nguyễn Thị Hồng’s meeting with Yasuto Watanabe, Executive Director of the ASEAN+3 Macroeconomic Research Office (AMRO), as part of AMRO’s 2026 annual consultation engagement with Vietnam. The discussion focused on regional macroeconomic risks and Vietnam’s policy settings, alongside areas for deeper SBV–AMRO cooperation. AMRO highlighted risks to the ASEAN+3 outlook from United States tariff policy and Middle East conflict-driven energy price volatility, while noting the region’s resilience and identifying Vietnam as the fastest-growing economy in the region in 2025. Against that backdrop, AMRO recommended Vietnam move monetary and fiscal policy from an accommodative stance to a neutral stance to preserve room to respond to future shocks. The Governor acknowledged AMRO’s recommendations and noted SBV had already identified risks linked to credit growth and implemented proactive measures, and that it would closely monitor oil price developments and steer monetary policy to control inflation and support macroeconomic stability. The meeting also covered green energy transition, digital transformation and the use of artificial intelligence, with SBV expressing interest in AMRO’s work on AI applications in banking supervision and seeking greater cooperation on information-sharing and AI adoption. Both sides signalled an intention to further strengthen collaboration beyond policy consultations, including technical assistance and capacity-building for SBV staff in monetary policy and banking system management.

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