The State Bank of Vietnam said Governor Pham Duc An met Krishna Srinivasan, Director of the International Monetary Fund's Asia and Pacific Department, to discuss the short and medium term economic outlook and bilateral cooperation. The IMF said it is ready to support Vietnam and the central bank in modernising the monetary policy operating framework, controlling inflation in line with international practice, and improving macroeconomic data quality, particularly balance of payments data. The central bank asked for continued IMF support in economic forecasting, macroprudential supervision, early warning, monetary and financial statistics, and banking sector digital transformation. The Governor said the State Bank of Vietnam will continue to conduct monetary policy proactively and flexibly to control inflation, coordinate closely with fiscal policy, preserve macroeconomic stability and support sustainable growth, against the government's objective of double digit GDP growth in the new phase and under the 2026 to 2030 socio economic development plan approved by the National Assembly. Srinivasan recommended close monitoring of inflation and policy adjustments when needed, while fiscal policy should remain cautious, targeted and temporary to support growth without adding inflation pressures. The State Bank of Vietnam also pointed to existing cooperation with the IMF through policy dialogue, technical assistance and training, and said it would continue to act as the Vietnamese government's representative at the IMF and a channel for policy consultations with ministries and agencies.
State Bank of Vietnam2026-06-08
State Bank of Vietnam seeks expanded IMF support for monetary policy modernisation and data quality
The State Bank of Vietnam Governor met the IMF’s Asia and Pacific Department Director to discuss Vietnam’s economic outlook and deepen cooperation. The IMF pledged support for modernising the monetary policy framework, inflation control and macroeconomic data quality, while the central bank sought continued assistance on forecasting, macroprudential supervision, statistics and banking digitalisation. The Governor reaffirmed a proactive, flexible monetary stance aligned with the government’s high GDP growth objective, as the IMF urged close inflation monitoring and cautious, targeted fiscal support.