The State Bank of Vietnam (SBV) has updated the organisation and mandates of its regional branch network, confirming that 15 SBV regional branches will officially operate from 1 July 2025 in line with Vietnam’s new local government system. Fourteen amendment decisions were issued to revise the establishment, functions, powers and organisational structures of the regional branches, excluding Region 1, to align with the post-merger map of 34 provinces and centrally run cities. The change follows SBV’s consolidation of 63 provincial and city branches into 15 regional branches, a model that began operating on 1 March 2025. Each regional branch will act as SBV’s state management authority for monetary matters, banking activities and foreign exchange within its assigned multi-province area, with each region having a designated head office. The reorganisation keeps the number of regional units at 15, does not create new organisations, aims to minimise staffing disruption, and is designed to safeguard assets and monetary security while keeping the number of internal departments unchanged. SBV will also coordinate with local authorities to establish Party organisations within the regional branches in line with central guidance on Party structures in vertically managed agencies.
State Bank of Vietnam 2025-06-20
State Bank of Vietnam confirms 15 regional branches will officially operate from 1 July 2025 following consolidation of 63 provincial branches
The State Bank of Vietnam (SBV) will consolidate 63 provincial and city branches into 15 regional branches effective 1 July 2025. This reorganisation aligns with Vietnam's new local government system and aims to maintain monetary security and minimise staffing disruption. Each regional branch will manage monetary, banking, and foreign exchange activities across multiple provinces, coordinating with Party organisations per central guidance.