The State Bank of Vietnam has issued a banking sector action programme to implement the government's updated 2026 to 2030 development agenda linked to a two-digit growth target. The programme sets priorities for overhauling banking laws and regulation, conducting monetary policy proactively and in close coordination with fiscal policy, managing foreign exchange and gold markets, and steering credit to support growth while maintaining inflation control and macroeconomic stability. Key measures include a comprehensive review of monetary and banking legislation, proposals to amend overlapping or inadequate rules, and further legal development for prudential standards, risk management, disclosure, foreign exchange, the gold market, and new banking models and digital financial products. The State Bank also plans to improve macroeconomic and monetary forecasting, data and analytical tools, direct credit institutions to prioritise lending to production, business and other priority sectors, keep tighter control over lending to risk-prone areas, and intensify work on bank restructuring, non-performing loans, banking inspection and supervision, non-cash payments, digital transformation, anti-money laundering, administrative reform, organisational restructuring, human resources, communications, and cash supply. The programme will serve as the basis for State Bank units to translate these priorities into annual work plans and carry out assigned tasks on schedule.

Original source Back to tracker