At a 5 March government meeting on monetary and fiscal policy, Prime Minister Pham Minh Chinh set operational priorities for the State Bank of Vietnam (SBV), including maintaining a proactive and flexible monetary policy stance and urgently establishing a national gold trading exchange. The Prime Minister asked SBV to calibrate key levers including interest rates, the exchange rate, foreign exchange reserves and credit growth in line with domestic conditions, while also accelerating digital transformation in banking and pushing faster disbursement of preferential credit packages for social housing and other sectors. The meeting also reiterated broader macro objectives of maintaining macroeconomic stability, controlling inflation and keeping public debt metrics within permitted limits. Deputy Prime Minister Ho Duc Phoc was tasked with directly overseeing implementation of the monetary and fiscal policy measures on behalf of the government.
State Bank of Vietnam 2026-03-06
State Bank of Vietnam instructed by Prime Minister to establish a national gold trading exchange and maintain flexible monetary policy
Prime Minister Pham Minh Chinh outlined priorities for the State Bank of Vietnam, emphasizing a proactive monetary policy and the creation of a national gold trading exchange. The SBV is to adjust interest rates, exchange rates, and credit growth, while advancing digital banking and disbursing preferential credit for social housing. Deputy Prime Minister Ho Duc Phoc will oversee the implementation of these measures.