State Bank of Vietnam unveils organisational overhaul under new decree including merger of 63 provincial branches into 15 regional units

The State Bank of Vietnam has announced a redesigned organisational structure and mandate following the Government’s issuance of a new decree governing the central bank’s functions, powers and structure, alongside decisions establishing the State Bank Party Committee and a round of senior appointments. The overhaul centres on streamlining headquarters and supervisory structures and reorganising the State Bank’s local presence into regional units. Under the changes, the number of units in the State Bank’s organisational structure is set to fall from 25 to 20, and the banking inspection and supervision authority’s internal units are to be cut from 11 to 7. The State Bank reported earlier reductions in internal divisions from 514 to 391 and staffing from 5,491 to 4,963, including a decrease of 372 management positions from department level upwards. It also confirmed the restructuring of 63 provincial and municipal branches into 15 regional State Bank units, and noted 653 staff registrations for resignation or early retirement under the streamlining programme, with 316 cases from 1 March 2025. Decree 26/2025/ND-CP takes effect from 1 March 2025 and replaces the prior decree on the State Bank’s organisation. The State Bank indicated the new operating model is expected to be in place from early March and that it will continue reviewing internal structures, including a proposal to reduce internal divisions further from 391 to 212.