The State Bank of Vietnam has issued a 2025 plan to reduce and simplify administrative procedures affecting production and business activity, implementing the Government’s Resolution 66/NQ-CP. The plan targets the removal of at least 30% of unnecessary investment and business conditions, a reduction of at least 30% in administrative processing times, and a reduction of at least 30% in administrative compliance costs. It also requires 100% of administrative procedures related to businesses to be delivered online in a seamless and transparent manner with minimal paperwork, and calls for stronger decentralisation and delegation in handling procedures within the State Bank of Vietnam’s remit. In parallel, 100% of internal administrative procedures between the State Bank of Vietnam and other state administrative agencies, and internal procedures within the State Bank of Vietnam, must be reviewed and reduced in steps, processing time and implementation costs, and updated to align with organisational streamlining while maintaining operational continuity. Heads of State Bank of Vietnam units are responsible for delivering assigned tasks on schedule, while the State Bank of Vietnam Office will act as the implementation focal point, monitor progress and escalate issues and necessary measures to the Governor.
State Bank of Vietnam 2025-04-15
State Bank of Vietnam issues a 2025 plan to cut and simplify administrative procedures and investment and business conditions
The State Bank of Vietnam's 2025 plan aims to streamline administrative procedures by cutting at least 30% of unnecessary investment conditions, processing times, and compliance costs. The plan mandates 100% online delivery of business-related procedures and emphasizes decentralization within the bank's operations. Internal procedures will be reviewed for efficiency, with the State Bank of Vietnam Office overseeing implementation and progress.