The State Bank of Vietnam has issued an action program to implement the government's state sector development agenda, assigning tasks to its units, state-owned credit institutions, state-owned enterprises under its ownership oversight, and affiliated public service units. The program focuses on reviewing sector rules, cutting administrative procedures and compliance costs, increasing decentralisation and autonomy, and shifting oversight from ex ante controls to risk-based ex post supervision. The measures include a review of legal documents within the banking sector to identify and report institutional bottlenecks, with emphasis on separating ownership, economic management, public policy and non-profit tasks, and commercial functions in state economic organizations. The program also calls for stronger leadership and specialist talent policies, better banking sector and national data infrastructure for monitoring the use of state capital and assets, closer coordination of inspections to avoid overlap, and protection for officials acting in the public interest where there is no corruption or personal gain.
State Bank of Vietnam2026-05-18
State Bank of Vietnam issues action program for state sector development across state-owned credit institutions and SOEs
The State Bank of Vietnam has issued an action program to implement the government’s state sector development agenda, assigning tasks to its internal units, state-owned credit institutions, enterprises under its oversight, and affiliated public service units. The program prioritises reviewing banking rules, cutting administrative procedures and compliance costs, increasing decentralisation and autonomy, and shifting from ex ante controls to risk-based ex post supervision. It also calls for clearer separation of state ownership and commercial functions, stronger leadership and talent policies, improved data infrastructure and coordinated inspections, and protection for officials acting in the public interest where there is no corruption or personal gain.