The State Bank of Vietnam (SBV) published an update on Prime Minister Phạm Minh Chính’s instructions to ministries, agencies and local authorities on science and technology development, innovation, digital transformation, administrative reform and Project 06. The directions include a deadline for all ministries and provinces to complete their databases by Q4 2025 and a 2025 target for 80% of administrative procedures to be processed end-to-end on digital channels. SBV and joint stock commercial banks were also tasked with organising implementation of a VND 500 trillion credit package at low interest rates to support investment in these priorities and strategic infrastructure. The six overarching tasks set out were to (i) complete and standardise databases so they are accurate, sufficient, clean, continuously updated, unified and shared from central to grassroots levels, (ii) finalise a more enabling legal framework and promptly issue implementing decrees, (iii) upgrade interoperable digital infrastructure and address power and telecom coverage gaps, (iv) ensure adequate digital transformation staffing, particularly at the grassroots level, (v) strengthen information security and cybersecurity, and (vi) complete real-time KPI tools to measure implementation performance by September 2025. Additional operational instructions included selecting a shared information system for handling administrative procedures, amending 466 legal instruments to simplify or remove 2,051 administrative procedures and 2,041 business conditions, and avoiding requests for documents that duplicate data already held in national or sectoral databases. Next steps include drafting and issuing the Prime Minister’s formal conclusion for unified implementation across agencies, holding a nationwide innovation day on 1 October 2025, and developing further implementing decrees and guidance for recently adopted legislation.
State Bank of Vietnam 2025-09-25
State Bank of Vietnam reports Prime Minister directive to complete public-sector databases by Q4 2025 and implement a VND 500 trillion low-interest credit package
The State Bank of Vietnam outlined Prime Minister Phạm Minh Chính’s directives for advancing science, technology, digital transformation, and administrative reform, including a VND 500 trillion credit package. Key tasks involve standardizing databases, enhancing digital infrastructure, and improving cybersecurity. The plan also includes simplifying administrative procedures and developing real-time KPI tools by September 2025.