On the morning of January 9th, at the headquarters of the State Bank of Vietnam (SBV) Branch in Region 4, the SBV held a ceremony to announce and present the appointment decision for Ms. Truong Thu Hoa as the Director of the SBV Branch in Region 4, effective from January 1, 2026.
Previously, in March 2025, the SBV had reassigned and appointed Ms. Truong Thu Hoa, Director of the SBV Branch in Lang Son Province, to the position of Deputy Director of the SBV Branch in Region 4, and granted her the authority to act as the Director of the SBV Branch in Region 4.
It is known that the SBV Region 4 was established through the consolidation of SBV branches in the provinces of Phu Tho, Vinh Phuc, Ha Giang, Tuyen Quang, Lao Cai, and Yen Bai, as per Decision No. 304/QD-NHNN dated February 24, 2025.
The SBV Region 4 is headquartered in Viet Tri City, Phu Tho Province, with five satellite offices operating in the provinces of Vinh Phuc, Ha Giang, Tuyen Quang, Lao Cai, and Yen Bai.
As of December 31, 2024, the total credit balance in Region 4 reached 441,301 billion VND, a 12.8% increase compared to December 31, 2023 (lower than the national growth rate of 15.09%), accounting for 40.75% of the total credit balance in the Northern Midlands and Mountains region, and approximately 2.83% of the total credit balance in the economy. By January 2025, the credit balance in the region had risen to approximately 442,515 billion VND, a 0.28% increase compared to December 31, 2024 (nationally, it increased by 0.63%).
Overnight VND Interest Rates Dip Below USD as SBV Reduces Liquidity Support
The trading session on January 8th witnessed a significant decline in Vietnamese Dong (VND) interbank interest rates across the board. Notably, the overnight rate, which accounts for the majority of trading volume, plummeted by over 1 percentage point, falling below the equivalent USD rate for the same period.
New Insights from the Deputy Governor of the State Bank on Ho Chi Minh City’s International Financial Center
Numerous banks have announced their readiness to engage in the activities of the International Financial Center in Ho Chi Minh City.
Ho Chi Minh City’s Banking Sector: Prioritizing Credit for Emerging Growth Drivers and Realizing the Vision of an International Financial Hub
On the morning of January 9, 2026, during the Banking Sector Task Deployment Conference for Zone 2, leaders from the State Bank of Vietnam (SBV) and the People’s Committee of Ho Chi Minh City outlined the strategic vision for the year. The focus will be on channeling credit capital into emerging growth drivers and key infrastructure projects, while accelerating the transition from proposal to execution in establishing the International Financial Center.
UOB Revises Vietnam’s 2026 GDP Growth Forecast to 7.5%
UOB’s latest report, authored by Suan Teck Kin, Global Head of Market and Economic Research at UOB Singapore, has revised Vietnam’s economic growth forecast for 2026 upward to 7.5%.
Governor Nguyen Thi Hong Appoints Director of the Management and Supervision Department and Deputy Director of the State Bank of Vietnam’s Transaction Office
The Governor of the State Bank of Vietnam has recently appointed Mrs. Nguyễn Thị Thu Hương as the Director of the Credit Institution Management and Supervision Department. Additionally, Mrs. Nguyễn Thị Vân has been reassigned to the position of Deputy Director of the Transaction Office.
