SBV reaffirms the value of effective cooperation and support from international financial institutions and foreign partners

In her opening remarks, Governor Nguyen Thi Hong warmly welcomed all of the participants to the traditional Year-end Get-together event of the banking sector with the foreign partners. The SBV Governor noted that, in 2025, the world economy had continued to face unprecedented developments. This had also been a particularly challenging year for Vietnam due to severe impacts from natural disasters, especially the recent historic floods, which directly affected people’s livelihoods and production, as well as business activities.

In that context, the SBV and the entire banking sector had made enormous efforts to implement the key tasks and achieved encouraging results, contributing significantly to maintaining the macroeconomic stability and the major economic balances. The GDP growth in the third quarter maintained strong at 8.23%; the inflation was kept under control at 3.29%; the exchange rates and the interest rates remained relatively stable, creating favorable conditions for production, exports, and investment. Vietnam continued to rank among the six largest economies in ASEAN, and recorded its second-highest quarterly growth rate during the 2011–2025 period.

Over the past year, the SBV had proactively managed the monetary policy in close coordination with the fiscal policy in a flexible, prudent, and effective manner; closely monitored the domestic and international economic developments; adjusted the common interest rates appropriately; ensured the system liquidity; and conducted various measures to ease access to credit for businesses and households.

Efforts to improve institutions, policies, and the legal framework in the monetary and banking sector had been further strengthened, contributing to the healthy development of the financial market in line with the international practices and standards. Notable initiatives included the amendments to the Law on Credit Institutions, the Law on Deposit Insurance, the Decree on gold market management, and the issuance of a Circular on the application of safety standards under Basel III.

Governor Nguyen Thi Hong emphasized that these achievements would not have been possible without the valuable contributions of foreign partners, international organizations, embassies, diplomatic missions, and foreign credit institutions. The SBV highly appreciates the effective support and cooperation provided by international organizations and development partners through their assessments, policy advice, technical assistance, and training programs. The Governor also acknowledged the active support of diplomatic missions in promoting the connectivity and the information sharing, as well as the important role of foreign banks and financial institutions operating effectively in Vietnam.

Looking ahead, Governor Nguyen Thi Hong noted that 2026 would mark a new phase of development. Accordingly, the SBV will remain committed to controlling the inflation, stabilizing the macro-economy, and supporting growth through proactive and flexible monetary policy management. Key priorities will include ensuring the safety of the credit institution system based on the application of modern international standards in supervision and governance; continuing the restructuring of the credit institutions in association with non-performing loan resolution; promoting innovation and the application of science and technology to deliver safe and convenient banking services; encouraging the development of green credit; and further advancing the international integration of Vietnam’s banking sector.

Speaking at the meeting, representatives of international financial and monetary institutions and foreign credit institutions highly commended the achievements of Vietnam’s banking sector and the overall economy over the past year. They reaffirmed their strong commitment to continued close cooperation with the SBV through policy dialogue, policy advice, technical assistance, and training, with a view to enhancing the effectiveness of the policy management in harmony with the major macroeconomic policies.