State Bank of Vietnam sets priorities for its new Foreign Exchange Management Department including June amendment to gold market Decree 24

The State Bank of Vietnam convened the 2025–2027 congress of the Party cell of its Foreign Exchange Management Department, with Deputy Governor Pham Quang Dung setting out priorities for the newly consolidated unit. The agenda includes completing, within June, a decree to amend Decree 24 on gold market management alongside broader foreign-exchange and reserves policy work. The department was established on 1 March 2025 through the merger of the former Foreign Exchange Management Division and the Foreign Exchange Reserves Management Department, and the State Bank of Vietnam’s Party Committee appointed a seven-member Party-cell executive committee. Priorities highlighted for 2025–2027 cover implementing Government Resolution 66/NQ-CP on reducing and simplifying administrative procedures in 2025 and 2026, developing foreign-exchange management policies for a planned Financial Centre for submission to the National Assembly, and strengthening state foreign-exchange reserves management by preparing SDDS and COFER reporting while targeting safety, liquidity and profitability. Ongoing work on current-account transactions, external borrowing and debt repayment, and foreign-exchange rules for foreign investment remains in scope. Following the congress, the new executive committee is to draft its working regulations, term work programme and internal task allocations, while the Decree 24 amendment has a deadline for issuance within June.