State Bank of Vietnam outlines microprudential supervision and licensing priorities for the newly formed Credit Institutions Management and Supervision Department

The State Bank of Vietnam published an update on the first 2025–2027 congress of the Party cell of its Credit Institutions Management and Supervision Department, at which Deputy Governor Pham Quang Dung set out organisational next steps and work priorities spanning supervision, licensing, bank restructuring and non-performing loans. The department was newly established following the reorganisation of the former Banking Inspection and Supervision Agency into three units, with its functions set out in Governor’s Decision 276. Supervisory work to date has focused on higher-risk activities, producing microprudential supervision reports and issuing corrective and warning communications requiring credit institutions to strengthen measures to prevent and control non-performing loans, improve credit quality, limit new non-performing loans, and comply with banking and monetary regulations. Looking ahead, the unit was instructed to continue microprudential safety supervision under Circular 08/2022/TT-NHNN, reinforce compliance with safety ratios, loan classification and provisioning rules, accelerate licensing administration and associated procedural reforms, support restructuring of banks alongside non-performing loan resolution, and strengthen staff training and performance management. Following the congress, the new Party committee was directed to promptly prepare its working regulations, term work programme and internal task allocation, and the Party cell committed to incorporate the guidance into its 2025–2027 programme.