The State Bank of Vietnam (SBV) convened a conference for state capital representatives and supervisory boards at enterprises and credit institutions under its management, setting expectations for how representatives should exercise ownership rights, strengthen oversight, and safeguard and improve the efficiency of state capital. SBV also outlined work to update its internal framework for managing and investing state capital in these entities, including a draft decision intended to replace its current rules. SBV acts as the owner’s representative for nine entities: Agribank, BIDV, Vietcombank, VietinBank, the Cooperative Bank, Vietnam Deposit Insurance, the Vietnam Asset Management Company, the National Banknote Printing Plant, and the National Payment Corporation of Vietnam. In 2025, SBV appointed 56 state capital representatives across these enterprises, amended its prior decision governing this area, and contributed to the Law on Management and Investment of State Capital at Enterprises (Law No. 68/2025/QH15) and implementing decrees, including sector-specific provisions such as investment scope, charter capital increases, and enterprise evaluation and classification. Governor Nguyễn Thị Hồng instructed representatives to address identified constraints, comply with applicable rules, and proactively review and provide input on 2026 business plans, with priorities including organisational streamlining, directing credit to priority sectors while maintaining safe growth and risk management, pursuing charter capital increases, strengthening internal controls and follow-up on inspection and audit recommendations, and improving non-performing loan management. SBV is seeking internal comments on its draft decision to replace the existing framework and is preparing a decree for government issuance to guide state capital management and investment at Vietnam Deposit Insurance, while coordinating with the Ministry of Finance on a draft decree amending the financial mechanism for credit institutions.
State Bank of Vietnam 2026-03-31
State Bank of Vietnam instructs state capital representatives at managed enterprises and circulates draft replacement rules for state capital management
The State Bank of Vietnam held a conference for state capital representatives and supervisory boards at enterprises and credit institutions under its management, setting expectations on exercising ownership rights, strengthening oversight, and improving state capital efficiency, while updating its internal framework for managing and investing state capital. Governor Nguyễn Thị Hồng urged them to fix constraints and prioritise organisational streamlining, safe credit growth to priority sectors, charter capital increases, stronger internal controls, and better non-performing loan management. SBV is seeking internal comments on a draft decision to replace its existing framework and is preparing draft decrees on state capital management at Vietnam Deposit Insurance and on the financial mechanism for credit institutions.