The State Bank of Vietnam held a sector-wide conference to implement the banking industry’s 2025 programme on practicing thrift and combating waste (THTK, CLP), setting expectations for SBV departments, credit institutions and state-capital enterprises to define measurable savings targets, cut non-essential spending and strengthen oversight through audit and supervisory work. Implementation priorities for 2025 include assigning responsibility to unit heads for specific savings indicators, reducing expenditure on conferences, travel and ceremonial events, tightening budget and cashflow management, and reviewing stalled or slow-moving projects and office space use following organisational restructuring. The SBV also directed that THTK, CLP be embedded in internal audit and in inspections of commercial banks, while state-owned commercial banks are expected to reinforce internal control to ensure compliance and efficiency. As context, the SBV reported 2024 actions including excluding 249 assets/projects from procurement plans, removing four non-urgent construction projects from investment planning, achieving 98.3% public investment disbursement against plan and completing five major repair works, alongside completing its inspection plan covering accounting, financial management, assets and construction investment without detecting wasteful conduct.
State Bank of Vietnam 2025-04-11
State Bank of Vietnam rolls out 2025 banking-sector savings and anti-waste programme with tighter budget and investment controls
The State Bank of Vietnam convened a conference to implement the 2025 programme on thrift and waste combat, setting measurable savings targets and enhancing oversight through audits. Priorities include reducing non-essential spending, tightening budget management, and embedding thrift practices in audits and inspections. The SBV reported significant 2024 actions, such as excluding non-urgent projects from plans and achieving high public investment disbursement.