The State Bank of Vietnam issued a 2025 action programme on practising thrift and preventing waste, effective from the date of signing. The plan sets requirements for SBV units to implement higher-level Party and government directions and align savings and anti-waste measures with the banking sector’s 2025 priority tasks. Key priorities include tighter management of state budget funds and SBV financial resources, public assets, and public investment, including accelerating procurement and approved projects and aiming to complete disbursement of allocated state budget capital. The programme also focuses on arranging and disposing of public assets, particularly land and buildings, alongside organisational streamlining and payroll reduction, strengthening accounting and financial management, and reinforcing inspection, internal audit and enforcement for breaches identified by audit and supervisory bodies. Further measures cover administrative reform to cut procedures and compliance costs, improving the effectiveness of state-owned enterprises under SBV management, and proposing and implementing options to address weak commercial banks once approved by the competent authorities.
State Bank of Vietnam 2025-02-14
State Bank of Vietnam issues 2025 action programme on thrift practice and waste prevention
The State Bank of Vietnam released a 2025 action programme focused on thrift and waste prevention, aligning with Party and government directives. Key priorities include tighter management of state budget funds, public assets, and investment, alongside organisational streamlining and enhanced financial oversight. The programme also aims to improve state-owned enterprise effectiveness and address weak commercial banks.