On January 7th, the State Bank of Vietnam (SBV) held a ceremony to announce the Governor’s decision to appoint Ms. Nguyen Thi Thu Huong, Acting Director of the Credit Institution Management and Supervision Department, as the Director of the Credit Institution Management and Supervision Department, effective from January 5th, 2026.
Deputy Governor Pham Quang Dung congratulates and presents the appointment decision to Ms. Nguyen Thi Thu Huong (Photo: SBV)
In his directive speech, Deputy Governor Pham Quang Dung stated that based on work requirements and the evaluation of her capabilities and qualities, the Party Committee’s Standing Board and the SBV’s leadership unanimously agreed to consolidate the key personnel of the Credit Institution Management and Supervision Department, placing high trust in Ms. Nguyen Thi Thu Huong.
The Deputy Governor requested that in the coming period, Director Nguyen Thi Thu Huong continue to leverage her experience, knowledge, and past achievements to lead the Credit Institution Management and Supervision Department in successfully completing assigned professional tasks and contributing to the overall political mission of the banking sector.
Earlier, on the afternoon of January 5th, 2026, the SBV held a ceremony to announce the Governor’s decision to transfer and appoint Ms. Nguyen Thi Van, Head of the Accounting Department at the SBV Transaction Office, as Deputy Director of the SBV Transaction Office, effective from January 5th, 2026.
Deputy Governor Pham Thanh Ha congratulates and presents the appointment decision to Ms. Nguyen Thi Van. (Photo: SBV)
Speaking at the ceremony, Deputy Governor Pham Thanh Ha congratulated Ms. Nguyen Thi Van on gaining the trust of the SBV’s leadership for her new role and acknowledged her work history and contributions. The Deputy Governor requested that in her new position, the new Deputy Director of the SBV Transaction Office continue to harness her expertise, professional experience, and spirit of unity and responsibility, working alongside the leadership team to successfully fulfill assigned tasks and contribute to the effective implementation of monetary policy and banking operations.
Overnight Interest Rates Surge to 8.7%, SBV’s System Support Surpasses VND 400 Trillion
The final trading session of 2025 saw significant developments in the currency market, with the overnight interbank VND interest rate—the dominant tenor accounting for the majority of transaction value—surging to 8.7% per annum. Amid this context, the State Bank intensified its net liquidity injection through the open market channel.
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Currency Market Update: SBV Nets Over VND 16,000 Billion in Injection, Interbank Rates Decline Across the Board, USD Free Market Exchange Rate Surges
The first trading session post-holiday witnessed a cooling trend in interbank VND interest rates, as the State Bank continued its net liquidity injection. Meanwhile, in the foreign exchange market, the free USD rate surged significantly, nearing the 27,000 VND mark.
USD Price Rebounds
In the final week of 2025 (December 29-31), the USD rebounded in international markets following the release of the Federal Reserve’s December meeting minutes.
Mr. Nguyen Duc Lenh: 2025 Monetary Policy Reflects SBV’s Distinctive Management Approach
Achieving the dual objectives of monetary policy in 2025 marks a significant milestone. This accomplishment underscores the adept stewardship of the State Bank of Vietnam (SBV), showcasing its agility, efficiency, and resilience in navigating the complexities of macroeconomic stabilization while simultaneously fostering economic growth.
