In opening remarks at the finance and banking session of the Vietnam Economic Forum 2025 with an outlook to 2026, State Bank of Vietnam Deputy Governor Pham Thanh Ha framed the policy challenge as mobilising sufficiently large financial resources and improving their allocation to support Vietnam’s growth targets of at least 8% in 2025 and “double-digit” growth in 2026–2030. The speech linked these objectives to a shift toward a growth model based on science, technology and innovation, and pointed to the need for a strong policy framework and more market-signal-driven capital allocation. It also referenced a set of major resolutions issued in 2025 as policy “pillars”, including Resolution 57 on science and technology, innovation and digital transformation, Resolution 59 on international integration, Resolution 66 on reforming law-making and enforcement, and Resolution 68 on private sector development. The forum session was organised around forecasting capital demand and funding capacity for 2026–2030, orienting bank credit policy and capital market development to support drivers such as the private sector, digital economy and circular economy, and gathering proposals to strengthen the financial and banking system’s role in mobilising and allocating domestic and external resources. Pham Thanh Ha indicated that contributions from the forum would feed into policy formulation and practical solutions to better deploy the financial system’s role in supporting the stated growth objectives.
State Bank of Vietnam 2025-12-16
State Bank of Vietnam sets out capital mobilisation and allocation priorities to support double digit growth ambitions for 2026–2030
State Bank of Vietnam Deputy Governor Pham Thanh Ha stressed the need for substantial financial resources and improved allocation to achieve growth targets of at least 8% in 2025 and double-digit growth from 2026 to 2030. The focus is on a growth model based on science, technology, and innovation, supported by resolutions on digital transformation, international integration, law reform, and private sector development. Contributions from the Vietnam Economic Forum 2025 will inform policy to enhance the financial system's role in resource mobilization and allocation.