At a training session for leaders of the State Bank of Vietnam’s regional branches, Deputy Governor Pham Thanh Ha set out the central bank’s monetary policy orientation for 2026 to 2030 and its near-term operating approach. He said monetary policy should remain proactive, flexible and prudent, closely coordinated with fiscal and other macroeconomic policies, with interest rates and the exchange rate managed in line with market signals. Credit growth is to be guided in a safe and effective way toward production and business, priority sectors and broader growth drivers, while credit to risk-prone areas is to be controlled. In the same session, Ha described the 2026 to 2030 outlook as offering opportunities from digital transformation, artificial intelligence, green transition, the circular economy and shifts in global supply chains and investment flows, while also presenting risks from geopolitical volatility, economic fragmentation, global inflation pressures, financial risks and climate change. He stressed that regional branches are the main local channel for implementing and communicating State Bank policies, carrying out state management and banking supervision, and reporting operational difficulties and bottlenecks from the ground to improve policy execution.
State Bank of Vietnam2026-06-03
State Bank of Vietnam deputy governor outlines 2026 to 2030 monetary policy priorities for regional branch leaders
The State Bank of Vietnam’s Deputy Governor Pham Thanh Ha outlined the 2026–2030 monetary policy orientation, emphasising proactive, flexible and prudent policy, market-based interest and exchange rate management, and safe, targeted credit growth toward production, priority sectors and key growth drivers while tightening credit to risk-prone areas. He highlighted opportunities from digital transformation, artificial intelligence, green transition and shifting supply chains, alongside risks from geopolitical volatility, economic fragmentation, inflation pressures, financial risks and climate change, and underscored the central role of regional branches in policy implementation and supervision.