Directive 01 on streamlining the organizational structure of the State Bank of Vietnam (SBV) in accordance with Resolution 18-NQ/TW

Directive 01 on streamlining the organizational structure of the State Bank of Vietnam (SBV) (Image from the internet)

The content stated in Directive 01/CT-NHNN organizes the implementation of key tasks of the Banking sector in 2025 issued by the State Bank of Vietnam on January 15, 2025.

One of the goals set out in this Directive is: Focus on reviewing, developing, and implementing plans to streamline, restructure the organizational apparatus to ensure compactness, efficiency, and effectiveness in accordance with the directives of the Politburo and the Government of Vietnam, Prime Minister of the Government of Vietnam.

Streamlining the organizational structure of the State Bank of Vietnam (SBV) in accordance with Resolution 18-NQ/TW

Units under the SBV advise the Governor of the SBV, proactively implement solutions according to the functions and tasks of the units, focusing on key tasks, including the work of streamlining, reducing the organizational structure of the SBV in accordance with Resolution 18-NQ/TW and personnel organization work:

1. Focus on resolute direction and fulfill the schedule for reviewing and streamlining the organizational structure of the SBV according to the directives of the Politburo and Central Steering Committee on summarizing Resolution 18-NQ/TW; ensure the new organizational structure operates to meet the functions and tasks of the SBV in the new context, while ensuring compactness, effectiveness, efficiency, and cohesiveness on an overall, synchronized, and interconnected basis.

2. Continue leading and directing to promote personnel work, training, fostering human resource development, organizing special emulation movements in celebration of major national holidays in 2025.

In the work of perfecting the institution for banking activities, focus on handling tasks, including continuing to deploy procedures for submitting to the Government of Vietnam and the National Assembly the draft amended Deposit Insurance Law; study international experiences and practical needs to assess the necessity of amending and supplementing the SBV Law; review, amend, and supplement legal normative documents serving the work of streamlining the organizational structure of the SBV.

Organize, develop, and implement an IT plan to: (i) Ensure the operations of the SBV and related activities of credit institutions are safe, smooth, and uninterrupted; (ii) Contribute to ensuring the effectiveness and efficiency of state management, asset safety of the SBV in serving the implementation of streamlining the organizational structure of the SBV.

International economic integration of the banking sector in Vietnam

Implement comprehensive and deep international economic integration of the Banking sector, in conjunction with maintaining national independence, autonomy, and resilience, ensuring financial stability.

Actively, efficiently, and responsibly participate in new and common issues of the region and the world in the banking and finance field; enhance the leading role with new ASEAN regional initiatives on banking integration. Implement and effectively utilize FTAs in the banking sector.

Through effectively fulfilling the role of representing the Government of Vietnam at international financial and monetary organizations, cooperate with relevant ministries and central authorities to promote and lobby for new-generation ODA and enhance policy consultation effectiveness; focus on new areas such as green transition, digital transformation, circular economy...

Unify the management of foreign affairs activities of the Banking sector.

More details can be found in Directive 01/CT-NHNN dated January 20, 2025.

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