Within this framework, Mr. Nguyen Quoc Hung, Vice Chairman cum Secretary General of the Vietnam Banks Association (VNBA), delivered a notable address that attracted broad attention from the banking community and the public.
Mr. Nguyen Quoc Hung, Vice Chairman cum Secretary General of VNBA
In his remarks, Mr. Hung expressed strong agreement with the SBV’s assessment of banking sector performance in 2025 as well as its policy orientations for 2026. He highly appreciated the SBV’s efforts in conducting a flexible monetary policy and coordinating closely with other macroeconomic policies to support economic growth—an essential foundation for the safe and effective operation of the credit institution system.
“The achievements recorded over the past year reflect the strong determination of the State Bank of Vietnam and the entire banking sector in the context of an increasingly volatile global economy, thereby laying a solid foundation for the implementation of tasks in 2026,” Mr. Hung emphasized.
According to him, alongside positive operational outcomes, the legal framework governing financial and banking activities has also seen notable progress, with several regulatory documents reviewed, amended, and issued in a timely manner to better meet practical requirements.
Despite his optimistic outlook, the VNBA Vice Chairman cum Secretary General cautioned that 2026 will continue to present significant challenges for the banking system.
He pointed out several potential risk factors, including an economic recovery that remains uneven, weak domestic demand, and ongoing difficulties faced by many enterprises in terms of cash flow and market access. While the real estate and corporate bond markets have shown signs of stabilization, they still pose latent risks, requiring credit institutions to strengthen prudence and risk management.
Representing the banking community, Mr. Hung affirmed that the Vietnam Banks Association will continue to serve as a platform for cooperation among its members, protect the legitimate rights and interests of credit institutions, and work closely with the SBV in implementing key sectoral tasks.
“In 2026, the banking sector will still face numerous difficulties and challenges. However, with the strong determination of the SBV’s leadership, credit institutions, and the guidance and support from the Government and the Prime Minister, the banking sector will certainly overcome all difficulties and achieve the targets set,” Mr. Hung stated.
He also highlighted several proposals aimed at improving the banking operating environment in the coming year. These include promoting the development of long-term capital markets to ease pressure on bank credit supply; further improving the legal framework for the corporate bond market in a transparent and investor-protective manner; supporting capital increases for credit institutions; and considering adjustments to foreign ownership limits in the banking sector.
With a cautious yet optimistic policy orientation, Vietnam’s banking sector is expected to continue playing a pivotal role in maintaining macroeconomic stability and supporting economic growth in 2026. Close coordination among government agencies, the business community, and the banking system is viewed as a decisive factor in achieving sustainable development goals.
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