Overcoming difficulties and challenges, monetary policy achieved significant results in 2025
On the morning of December 31, in Hanoi, the State Bank of Vietnam (SBV) held a conference to deploy banking tasks for 2026. Prime Minister Pham Minh Chinh attended and directed the conference.
| Continuing to implement flexible monetary policy, contributing to macroeconomic stability and promoting growth in 2026. The banking sector overcame difficulties, achieved high credit growth, and reduced interest rates to support the economy. SBV Regional Model: A foundation for enhancing the effectiveness of monetary and credit policy implementation. |
In her opening remarks, Governor of the State Bank of Vietnam Nguyen Thi Hong stated that 2025 is the final year of the 2021-2025 term, making this a crucial conference for the banking sector to comprehensively evaluate the results of implementing tasks throughout the 2021-2025 term in line with the spirit of the 13th Party Congress Resolution, the 2021-2025 five-year socio-economic development plan; and the results of task implementation in 2025.
"It has been a term full of volatility, difficulties, and challenges, but it has also been a term marked by many milestones, efforts, and emotions in the face of unprecedented difficulties. Through this, the entire sector has drawn many lessons and directions for the next term, starting with 2026," the Governor emphasized.
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| Governor of the State Bank of Vietnam Nguyen Thi Hong delivered the opening remarks at the conference. |
According to the Governor, over the past period, the banking sector has always received deep attention from the Party and the State, supervision from the National Assembly, close coordination from ministries, local sectors, and the support of businesses and the people. The Government and the Prime Minister have always paid deep attention and provided close guidance to the banking sector.
Under this profound guidance, the Standing Committee of the Party Committee and the leadership of the SBV have united and comprehensively directed, with the decisive and highly responsible involvement of units from the central level to regional SBV branches, the entire banking sector has basically achieved its set goals and tasks.
Despite difficulties and challenges, monetary policy has been flexibly managed, actively supporting high economic growth of over 8%, inflation has been kept low at over 3%, and the monetary and foreign exchange markets have remained stable despite significant pressures.
At the same time, the banking sector has been actively implementing the restructuring plan for credit institutions. The SBV is one of the leading ministries and agencies in digital transformation, administrative procedure reform, database development, and the creation of many services for businesses and citizens.
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| Overview of the Conference |
The SBV is also one of the leading ministries and agencies in completing the early reorganization and streamlining of its organizational structure in accordance with Resolution No. 18-NQ/TW, with a scientific approach, putting the new organizational model and technology system into smooth and effective operation from the beginning of March 2025.
Despite the achievements, according to the Governor, there are still many difficulties and challenges in the new phase, with higher requirements, demanding that the banking sector actively innovate its thinking, improve its management and operational capabilities, and quickly adapt to the new context.
The delegates focused on discussing and evaluating the results, limitations, causes, and proposed solutions, focusing on monetary policy, credit, exchange rates, and foreign exchange management; digital transformation, innovation, and banking service provision; supervision, restructuring of credit institutions, and bad debt resolution; and the implementation of Resolution 18-NQ/TW.
