On March 26, 2026, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Nguyen Ngoc Canh chaired a meeting to conclude the mid-term macroeconomic surveillance mission of the International Monetary Fund (IMF), led by Mr. Martin Sommer.
Deputy Governor Nguyen Ngoc Canh speaks at the meeting
Welcoming the IMF Mission to conduct its mid-term assessment for Vietnam, the Deputy Governor highly appreciated the mission’s active exchanges and discussions with relevant authorities, including the SBV, commercial banks, enterprises, and international organizations. He expressed his confidence that the information collected would enable the IMF to provide objective and comprehensive assessments of Vietnam’s macroeconomic situation.
Discussing Vietnam’s economic performance in 2025, the Deputy Governor and the IMF Mission Chief shared positive assessments of the outcomes. The GDP maintained robust growth, reaching 8.02% despite unprecedented developments in global markets. Inflation was kept below the target, major economic balances were ensured, and key growth drivers—such as exports, investment, consumption, and foreign direct investment inflows—remained strong.
Mr. Martin Sommer, Head of the IMF Mission, speaks at the meeting
Deputy Governor Nguyen Ngoc Canh noted that in 2026 and the years ahead, Vietnam aims to sustain high economic growth. In this context, the SBV will remain committed to maintaining the macroeconomic stability, controlling the inflation, and ensuring the major economic balances. He also agreed with the IMF’s assessment that economic management in general, and the management of monetary policy, credit, and banking operations in particular, are facing numerous challenges stemming from the global environment, especially rising geopolitical risks. These risks may adversely affect the supply and input costs of fuel and raw materials, thereby putting pressure on monetary and financial stability.
Overview of the meeting
Commending the SBV’s recent management efforts, the IMF Mission Chief recommended that the SBV continue to enhance its proactive and flexible approach to monetary policy management, strengthen coordination with fiscal and other macroeconomic policies, safeguard the stability of the banking system, and closely monitor potential risks. The IMF reaffirmed its commitment to continued close cooperation with Vietnam in macroeconomic surveillance, policy advisory, and capacity building for SBV staff and other relevant agencies.