The State Bank of Vietnam held its annual meeting with international financial institutions and foreign credit institutions operating in Vietnam, with Governor Nguyen Thi Hong reviewing recent macro-financial developments and the central bank’s policy direction. The remarks framed 2026 as the start of a new development phase and set out priorities spanning monetary policy, supervisory standards and continued banking sector restructuring. Against a backdrop of geopolitical fragmentation and rising trade barriers, the update pointed to Vietnam’s third-quarter GDP growth of 8.23% and inflation of 3.29%, alongside relatively stable exchange rates and interest rates. SBV described a flexible, prudent monetary policy stance coordinated with fiscal policy, including adjusting interest rate conditions, safeguarding system liquidity and pursuing measures to lower funding costs and ease access to credit for firms and households. Regulatory work cited included amendments to the Law on Credit Institutions and the Deposit Insurance Law, a decree on gold market management, and issuance of a circular on applying Basel III safety standards. For 2026, SBV signalled a continued focus on inflation control, macroeconomic stability and support for growth, while strengthening the safety of credit institutions through modern international standards in inspection, supervision and governance. The agenda also includes ongoing system restructuring linked to bad-debt resolution, greater innovation and technology use in banking services, encouragement of green credit and further international integration of the banking sector.

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