At a system-wide conference, the State Bank of Vietnam laid out the next phase of its internal restructuring as it implements Government Decree 198/2026, which amends the central bank's functions, powers and organizational structure. The decree renames the Forecasting, Statistics and Monetary Stability Department as the Forecasting and Statistics Department, renames the Credit for Economic Sectors Department as the Credit Department, changes the number of divisions in eight head office departments, and classifies the Transaction Office and the State Bank's regional branches as bureau-level administrative units. Officials presented the move as a continuation of the central bank's broader streamlining program. According to its personnel department, the earlier reorganization consolidated 63 branches into 15 regional branches, reduced internal organizational units by more than 60%, cut leadership and management positions by 41%, and lowered total staffing by 25%, with 88.8% of staff directly affected. The governor said the next stage will review functions and job positions, strengthen management, supervision and bank inspection at regional level, expand technology use, and shift the staffing mix toward more principal and senior specialists. The Organization and Personnel Department was told to submit restructuring and staffing plans for eight departments, further simplify the internal structures of bureau-level and equivalent units, finalize a proposal on deputy positions and a list of job positions, and update personnel rules including delegated authority for regional branch directors over posts below division head except chief inspector. Recruitment and talent programs are to prioritize information technology, payments, supervision, legal and international cooperation roles, alongside a proposed innovation and talent attraction fund.
State Bank of Vietnam2026-06-08
State Bank of Vietnam implements decree renaming two departments and classifying regional branches and transaction office as bureau level units
The State Bank of Vietnam outlined the next phase of restructuring under Government Decree 198/2026, including renaming two departments, adjusting divisions in eight head office departments, and classifying the Transaction Office and regional branches as bureau-level units. Building on earlier consolidation, the bank will review functions and positions, strengthen regional supervision, expand technology use, and shift staffing toward senior specialists. The Organization and Personnel Department will streamline structures, revise personnel rules to expand regional directors’ authority, and prioritize recruitment in IT, payments, supervision, legal and international cooperation, supported by an innovation and talent fund.