The State Bank of Vietnam reported that Deputy Governor Nguyen Ngoc Canh held a courtesy meeting with Jochen Schmittmann, the International Monetary Fund’s resident representative for Vietnam, Laos and Cambodia, focused on continuing and deepening cooperation through policy dialogue, technical assistance and training. Nguyen asked the IMF to improve delivery of existing technical assistance programmes and to consider additional capacity-building projects, particularly in monetary and banking matters and economic statistics. He also outlined the central bank’s intention to run proactive and flexible monetary policy in 2025, closely coordinated with fiscal policy, to support macroeconomic stability, control inflation and promote growth, while monitoring global volatility, safeguarding banking-system liquidity and maintaining exchange-rate stability. Schmittmann reaffirmed the IMF’s commitment to close cooperation with the State Bank of Vietnam and the Vietnamese government, including policy recommendations and technical support.
State Bank of Vietnam 2025-03-22
State Bank of Vietnam meets IMF resident representative and calls for enhanced technical assistance and capacity building
State Bank of Vietnam's Deputy Governor Nguyen Ngoc Canh met with IMF’s Jochen Schmittmann to discuss enhancing cooperation through policy dialogue, technical assistance, and training. Nguyen emphasized the need for improved technical assistance and capacity-building projects, outlining plans for a proactive and flexible monetary policy in 2025. Schmittmann reaffirmed the IMF’s commitment to supporting Vietnam with policy recommendations and technical support.