The State Bank of Vietnam published an interview with Standing Deputy Governor Dao Minh Tu reviewing the central bank’s monetary policy management and setting out strategic directions for the banking sector through 2045. The discussion reiterates inflation control and macroeconomic stability as the policy priority, alongside ongoing payment-system modernisation and efforts to broaden access to financial services. Dao Minh Tu pointed to inflation being kept below 4.5% over the past 10 years, alongside maintaining liquidity for credit institutions and supporting credit supply to the economy. He also described lending rates trending lower, a broadly stable exchange rate and smooth functioning of the foreign-exchange market with legitimate foreign-currency needs met, and noted sovereign credit rating upgrades by international agencies. Looking ahead to 2045, the stated priorities include strengthening the legal framework for banking, running monetary policy in a proactive and flexible way coordinated with fiscal and other macro policies, steering credit in line with inflation and the economy’s capacity to absorb capital, and upgrading technology and modern payment infrastructure while tightening inspection, supervision and payment-system security.
State Bank of Vietnam 2025-08-31
State Bank of Vietnam deputy governor outlines 2045 banking strategy and cites inflation kept below 4.5%
The State Bank of Vietnam, via Standing Deputy Governor Dao Minh Tu, outlined its monetary policy and banking sector strategy through 2045. Priorities include inflation control, macroeconomic stability, payment-system modernization, and enhanced financial access. The bank aims to strengthen the legal framework, coordinate monetary policy with fiscal measures, and upgrade technology and payment infrastructure.