The State Bank of Vietnam reported that Governor Nguyen Thi Hong participated online in the Bank for International Settlements’ regular meeting of emerging market central bank governors, which centred on how the real-world impact of artificial intelligence, including generative AI, differs across countries and what this could mean for productivity, labour markets, growth, inflation and financial stability. Drawing on Vietnam’s experience, the Governor said AI adoption has been rising in both the public and private sectors, particularly in banking and finance. In the banking sector, AI and big data are being applied to improve statistics, macroeconomic analysis and forecasting, support risk-based inspection and supervision, and enhance governance and banking service delivery, with reported gains in productivity, faster processing and lower operating costs at credit institutions. She also highlighted a policy trade-off whereby AI could support medium- to long-term growth through higher productivity and more efficient resource allocation, while near-term investment in digital infrastructure, data and skills training may affect aggregate demand, requiring prudent and flexible monetary policy grounded in comprehensive data analysis and monitoring of new transmission channels from technological change. The session was chaired by Hong Kong Monetary Authority Director General Eddie Yue and included governors from emerging market economies across multiple regions and senior Bank for International Settlements leaders, with the State Bank of Vietnam positioning its continued participation as a channel for exchanging experience and tracking developments relevant to domestic policy and financial stability.
State Bank of Vietnam 2026-01-16
State Bank of Vietnam governor joins BIS emerging market central bank meeting focused on AI’s economic and financial stability effects
Governor Nguyen Thi Hong of the State Bank of Vietnam attended a Bank for International Settlements meeting, discussing AI's impacts on productivity, labour markets, and financial stability. She noted AI's growing role in Vietnam's banking sector, enhancing productivity and reducing costs, while emphasizing the need for balanced monetary policy to manage trade-offs between long-term growth and short-term investment demands.