The State Bank of Vietnam held a review meeting on its administrative reform programme under Government Resolution 66/NQ-CP and its plan to upgrade end-to-end online public services, reporting that it has met the government target of simplifying at least 30% of unnecessary business conditions and setting priorities to accelerate delivery. Across the draft package to be submitted to the Prime Minister and measures under the State Bank of Vietnam’s Decision 2569/QD-NHNN, the State Bank of Vietnam has proposed cutting or simplifying 91 of 298 administrative procedures, with proposed reductions in processing time of 166 days and 468 working days. In the first half of 2025 it also simplified 32 administrative procedures through six circulars, cutting 318 days of processing time and estimating compliance cost savings of VND 197.5 million. Proposed simplifications to investment and business conditions total 221 of 722 conditions, including 179 of 593 for credit institution safety and supervision functions, 34 of 100 for foreign exchange management, and 8 of 29 for payments. The central bank also provided a list of 98 procedures already mandated to be online and approved for upgrade to support work with Vietnam’s National Data Center. Next steps include finalising the package on administrative procedure and business registration simplification for submission to the Prime Minister, completing a separate package for the Governor’s approval focused on reducing processing times, and continuing further reviews to meet the Resolution 66/NQ-CP requirement to cut processing times by 30%. The Deputy Governor instructed units to set priority lists and timelines, prioritise legal groundwork for information technology deployment, and complete assigned tasks as soon as possible and no later than the end of September 2025, with clear accountability and periodic reporting.

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