The State Bank of Vietnam (SBV) reported that it has completed an organisational streamlining programme and that the new, leaner structure has been operating since 1 March 2025. The update was delivered at a ceremony recognising units affected by mergers and closures and commending staff taking early retirement. After the reorganisation, the number of SBV units under Decree 102/2022 fell from 25 to 20, a 20% reduction; including provincial and city branches, SBV reported a reduction of 52 organisational units, equivalent to 60%. Internal departments were cut by 179 (46%), alongside reductions of 179 department head positions (46%) and 288 deputy department head positions (36.8%); unit head positions fell by 53 (61%) and deputy head positions by 168 (64%). SBV also disclosed that 653 staff (12.93% of its headcount) have registered to retire or leave under Government Decree 178/2024, with 326 departures effective from 1 March 2025, including 45 department-level leaders; 45 branch and central bank leaders who retired early received commendations at the event.
State Bank of Vietnam 2025-03-09
State Bank of Vietnam completes organisational streamlining cutting central units from 25 to 20 and approving 653 staff exits
The State Bank of Vietnam (SBV) has streamlined its organisation, reducing units from 25 to 20 and cutting 52 units overall, effective 1 March 2025. The reorganisation led to significant reductions in departments and leadership positions, with 653 staff opting for early retirement or departure. The update was announced at a ceremony recognising affected units and commending early retirees.