The State Bank of Vietnam (SBV) held its conference on implementing banking-sector tasks for 2026, reviewing performance over the 2021–2025 period and reporting that 2025 monetary policy was run flexibly to support economic growth above 8% while keeping inflation around 3% and maintaining stability in money and foreign-exchange markets. The event was chaired by Governor Nguyen Thi Hong and attended by Prime Minister Pham Minh Chinh. Policy rates were kept unchanged through 2025, alongside direction to credit institutions to reduce costs and work towards lower lending rates; the average lending rate on new commercial-bank lending was 6.96% per year as at 30 November 2025, broadly unchanged from end-2024. Credit outstanding reached nearly VND 18.41 quadrillion by 24 December 2025, up 17.87% from end-2024, with disaster-related support measures reported as of 10 December 2025 including restructurings for 2,219 borrowers (about VND 1,275bn), interest-rate reductions for over 69,000 borrowers (about VND 18,685bn) and disbursements of about VND 2,238bn to around 10,600 customers. SBV also highlighted implementation of a new gold-market management framework following Government Decree 232/2025 and SBV Circular 34/2025, continued restructuring of credit institutions and non-performing loan handling, progress in digitalisation and non-cash payments (up 42.34% by volume and 22.59% by value in the first 11 months of 2025), administrative simplification (269 of 298 procedures simplified) and legal work including proposals for amendments to the Law on Credit Institutions and the Deposit Insurance Law. For 2026 planning, the agenda for discussion was set around monetary policy, credit and foreign-exchange operations, digital transformation and innovation in banking services, supervision, credit-institution restructuring and bad-debt resolution, and implementation of Resolution 18 on organisational streamlining.
State Bank of Vietnam 2025-12-31
State Bank of Vietnam convenes 2026 banking task conference and reports 2025 credit growth of 17.87% with policy rates unchanged
The State Bank of Vietnam (SBV) reviewed its 2021–2025 performance, highlighting flexible monetary policy in 2025 that supported over 8% economic growth and maintained inflation around 3%. Achievements included stable policy rates, credit growth, disaster-related financial support, and advancements in digital payments and administrative simplification. For 2026, SBV plans to focus on monetary policy, digital transformation, credit-institution restructuring, and implementing Resolution 18 on organisational streamlining.