Organizational structure of the State Bank of Vietnam from January 5, 2025

Organizational Structure of the State Bank of Vietnam from January 5, 2025 (Image from the internet)

1. Organizational structure of the State Bank of Vietnam from January 5, 2025

- Administrative units assisting the Governor of the State Bank in executing the state management function and the Central Bank's function include:

+ Department of Monetary Policy.

+ Department of Foreign Exchange Management.

+ Department of Payment.

+ Department of Credit for Economic Sectors.

+ Department of Forecasting, Statistics - Monetary, Financial Stability.

+ Department of International Cooperation.

+ Department of Internal Audit.

+ Department of Legal Affairs.

+ Department of Finance - Accounting.

+ Department of Human Resources.

+ Department of Communications.

+ Office.

+ Information Technology Department.

+ Issue and Treasury Department.

+ State Foreign Exchange Reserves Management Department.

+ Anti-Money Laundering Department.

+ Administrative Management Department.

+ Transaction Bureau.

+ Banking Supervision and Inspection Authority.

+ Branches in provinces and centrally-run cities.

- Public service units serving the state management function of the State Bank:

+ Banking Strategy Institute.

+ Vietnam National Credit Information Center.

+ Banking Times.

+ Banking Journal.

+ Banking Academy.

The Department of Monetary Policy, the Department of Forecasting, Statistics - Monetary, Financial Stability have 6 divisions. The Department of Credit for Economic Sectors, the Department of Human Resources, the Department of Finance - Accounting, the Department of International Cooperation have 5 divisions. The Department of Foreign Exchange Management, the Department of Payment, the Department of Internal Audit have 4 divisions. The Department of Legal Affairs has 3 divisions.

The Governor of the State Bank presents to the Prime Minister the Government of Vietnam to issue a decision defining the functions, tasks, powers, and organizational structure of the Banking Supervision and Inspection Authority and other public service providers under the State Bank of Vietnam.

The Governor of the State Bank issues decisions defining the functions, tasks, powers, and organizational structure of departments under the State Bank as prescribed by law, except for the Banking Supervision and Inspection Authority.

2. Position and function of the State Bank of Vietnam

The State Bank of Vietnam (hereinafter referred to as the State Bank) is a ministry-level agency of the Government of Vietnam, serving as the Central Bank of the Socialist Republic of Vietnam; performing the state management function in terms of currency, banking, and foreign exchange (hereinafter referred to as currency and banking); undertaking Central Bank functions regarding issuance of currency, banking for credit institutions, and providing monetary services for the Government of Vietnam; managing state public services within the scope of the State Bank's management.

(Article 1 Decree 102/2022/ND-CP)

3. Leadership and management of the State Bank of Vietnam

- The Governor of the State Bank is a member of the Government of Vietnam, is the head and leader of the State Bank; responsible to the Prime Minister of the Government of Vietnam and the National Assembly for state management in the monetary and banking sector.

- The Governor of the State Bank has the following duties and powers:

+ Organize and direct the implementation of national monetary policy as authorized;

+ Organize and direct the execution of tasks and powers of the State Bank according to the provisions of this Law and other relevant laws;

+ Legal representative of the State Bank.

(Article 8 Law on the State Bank of Vietnam 2010)

4. Reporting activities of the State Bank of Vietnam

- The Prime Minister of the Government of Vietnam reports or authorizes the Governor of the State Bank to report to the National Assembly on the results of implementing the annual national monetary policy, report, and explain issues raised before the National Assembly, the Standing Committee of the National Assembly, and committees of the National Assembly; promptly provide necessary information and documents to the National Assembly's agencies when requested for monitoring the implementation of the national monetary policy.

- The State Bank reports to the Government of Vietnam on the following contents:

+ The monetary and banking situation on a biannual and annual basis;

+ Annual audited financial statements.

- The State Bank provides reports to ministries and ministerial-level agencies according to the provisions of law.

(Article 40 Law on the State Bank of Vietnam 2010)

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