The State Bank of Vietnam hosted the ASEAN+3 Macroeconomic Research Office (AMRO) annual consultation mission, reviewing Vietnam’s macroeconomic conditions and the central bank’s policy direction. The two sides agreed to further strengthen cooperation, with the State Bank of Vietnam indicating it will continue to run monetary policy proactively and flexibly in 2026 while coordinating closely with fiscal and other macro policies to support macroeconomic stability. AMRO assessed Vietnam as having maintained strong growth in 2025 at 8.02% and kept inflation at 3.31%, below the National Assembly’s guiding target, while also highlighting the State Bank of Vietnam’s management of monetary policy and the exchange rate. It flagged forward-looking risks including tariff and trade defence measures, policy shifts by major trading partners including the United States, the European Union and China, energy price volatility and supply chain disruptions, and recommended maintaining flexible monetary policy, using targeted fiscal measures, and prioritising technology and human capital development. Cooperation priorities identified for the period ahead include continued policy consultations, technical assistance, staff capacity building at the State Bank of Vietnam, and work to strengthen and operate the Chiang Mai Initiative Multilateralisation (CMIM).

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