The State Bank of Vietnam (SBV) held a meeting with retired central bank officials in Hanoi and, in remarks by Governor Nguyen Thi Hong, reviewed the banking sector’s 2024 results and the SBV’s ongoing priorities, including continued restructuring of credit institutions and a push to streamline the SBV’s organisational structure. The event also included the presentation of a high-level state award to former SBV Deputy Governor Nguyen Kim Anh. Governor Hong said monetary policy, credit and the exchange rate were managed in a coordinated, proactive and flexible manner, contributing to low inflation, macroeconomic stability and stable money and foreign exchange markets while supporting economic growth and banking-system safety. She pointed to timely programmes to support businesses and households, including those affected by Typhoon Yagi, and noted that restructuring of credit institutions alongside bad-debt resolution continued, with four weak banks successfully placed under compulsory transfer to four large joint-stock commercial banks. The update also referenced rapid issuance of detailed implementing documents for the Law on Credit Institutions 2024, progress on digital transformation including biometrics and cashless payments, and expanded international banking cooperation. SBV is implementing organisational streamlining measures on an expedited basis in line with wider government and Party directives, with 2025 framed as a year for sustaining delivery on assigned objectives while further improving the effectiveness of the SBV and the credit-institution system.

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