The State Bank of Vietnam has issued a directive setting out how its units, credit institutions, foreign bank branches, Deposit Insurance of Vietnam, and State Bank-managed associations and enterprises must renew emulation and commendation work for 2026 to 2030. In substance, the measure requires the sector to link internal performance campaigns and awards more closely to delivery of banking sector priorities, with a stronger focus on measurable results, leadership accountability and the identification of operational role models. The directive calls for practical emulation campaigns aligned with Party and government priorities and the State Bank's own 2025 to 2030 objectives, including support for the government's targeted double-digit growth. It requires institutions to identify, develop and replicate advanced examples, especially in breakthrough and frontline areas, and places responsibility on senior leaders to oversee that process. It also raises expectations for how commendations are granted, requiring them to be based on campaign outcomes and task completion, with achievements quantified under a "six clear" approach covering the person, task, timing, responsibility, output and authority. Smaller units, frontline staff, and entities in difficult or remote areas are to receive greater attention, alongside teams and individuals contributing digital transformation and innovation. The directive also requires stronger governance of emulation and commendation councils, wider use of information technology in file review and databases, and tighter inspection and enforcement against violations. It took effect on signing, and covered entities must report implementation results as a separate section in their annual emulation and commendation reports to the State Bank of Vietnam for monitoring and as a basis for reward decisions.
State Bank of Vietnam2026-06-16
State Bank of Vietnam issues 2026 to 2030 directive to revamp banking sector emulation and commendation work
The State Bank of Vietnam has issued a 2026 to 2030 directive requiring banks and other supervised entities to overhaul emulation and commendation work so that awards are tied more closely to concrete performance and sector priorities. The measure introduces a quantified "six clear" assessment approach, strengthens leadership accountability, and pushes greater use of technology, inspections and annual reporting. It applies immediately from the date of signing.