State Bank of Vietnam rolls out organisational overhaul consolidating 63 provincial branches into 15 regions and cutting head units to 20

The State Bank of Vietnam announced decisions establishing its Party Committee and implementing a revised organisational structure and mandate under a new government decree, following an accelerated review of the central bank’s operating model. The changes consolidate the SBV’s local footprint and streamline headquarters and supervisory structures, with the new set-up expected to begin operating from early March. The overhaul reorganises 63 provincial and municipal SBV branches into 15 regional SBV branches. SBV’s functions remain unchanged under the 2010 Law on the State Bank of Vietnam, while the number of formal tasks increases to 37 from 35. The number of SBV head units is reduced to 20 from 25 under the new decree, and the banking inspection and supervision authority’s internal unit count is reduced to seven from 11. SBV also reported reductions in internal departments from 514 to 391 (down 23.9%) and set out a further proposed cut from 391 to 212 (down 46%). Headcount has fallen to 4,963 from 5,491 (down 9.62%), including a reduction of 372 management positions (down 22.7%); 653 staff have registered for early retirement or resignation, with 316 departures planned from 1 March 2025. Government Decree 26/2025/ND-CP takes effect on 1 March 2025, replacing the previous organisational decree, and the conference also announced appointments for unit heads, deputy heads and regional branch leadership.