The State Bank of Vietnam published an update on the congress of the Communist Party cell of its Monetary Policy Department for the 2025–2027 term, which adopted the unit’s resolution and elected its new leadership. Pham Chi Quang was re-elected as Party cell secretary and Mai Thi Trang was elected deputy secretary. The congress set a direction centred on proactive, flexible and timely monetary policy management and closer coordination with fiscal and other macroeconomic policies to support growth while maintaining macroeconomic stability and inflation control. For the department’s work, priorities include further modernising the monetary policy framework, aligning institutional arrangements with international practices, strengthening analysis, forecasting and policy communications, promoting digital transformation in the banking sector, and improving the quality of policy advice to the Governor; the Governor also called for continued focus on cadre development and linking party-building work to professional performance. The incoming executive committee is expected to translate the resolution and the Governor’s instructions into action programmes for the 2025–2027 term.
State Bank of Vietnam 2025-06-27
State Bank of Vietnam Monetary Policy Department party cell elects new executive committee for the 2025–2027 term
The State Bank of Vietnam announced the re-election of Pham Chi Quang as Party cell secretary and the election of Mai Thi Trang as deputy secretary for its Monetary Policy Department. The congress emphasized proactive and flexible monetary policy management, coordination with fiscal policies, and digital transformation in banking. Priorities include modernizing the monetary policy framework and enhancing policy advice quality.