State Bank of Vietnam meets IMF Article IV mission and agrees to deepen policy dialogue and technical assistance

The State Bank of Vietnam hosted the International Monetary Fund’s (IMF) Article IV mission for Vietnam, with Governor Nguyen Thi Hong meeting the delegation to discuss macroeconomic conditions, monetary policy operations and priority policy recommendations amid elevated global uncertainty. Both sides agreed to strengthen ongoing cooperation and policy dialogue, including through expert exchanges and technical assistance. The IMF highlighted risks from escalating trade tensions and volatility in international financial and capital markets, while noting Vietnam’s strong growth and effectively controlled inflation in the first half of 2025. It also assessed positively the government’s institutional reforms, including priorities to develop the private sector, accelerate public investment disbursement and reform public administration, and recommended focusing on macroeconomic stability alongside structural reforms, financial-system strengthening, modernization of the policy framework and improvements to the business environment. Governor Nguyen Thi Hong outlined the State Bank’s flexible monetary policy stance, including timely liquidity support to credit institutions, and pointed to broader government measures to support businesses, advance public investment, stabilize domestic markets and pursue administrative streamlining and infrastructure investment. The State Bank’s Governor requested continued IMF assessments, analytical work and policy recommendations going forward.