On June 24, 2025, at the headquarters of the State Bank of Vietnam (SBV), Governor Nguyen Thi Hong had a meeting with the Article IV Mission of the International Monetary Fund (IMF) within the framework of the IMF’s annual mission for 2025 to Vietnam. The two sides discussed about the macroeconomic situation, the monetary policy management, and several key policy recommendations in the context of a global economy with many potential risks
SBV Governor Nguyen Thi Hong takes a photo with the IMF’s Article IV Mission
Attending the meeting, on the IMF’s side, there was Ms. Rupa Duttagupta, Deputy Director of the IMF’s Asia Pacific Department, Mr. Paulo Medas, Head of the IMF’s Article IV Mission, together with the IMF’s senior economic experts and other officers from the IMF’s Resident Representative Office in Hanoi. On the SBV’s side, there were leaders and representatives of several entities under the SBV, including: the International Cooperation Department, the Monetary Policy Department, the Forecasting and Statistics - Monetary and Financial Stabilization Department, the Department of Legal Affairs, etc.
At the meeting, Mr. Paulo Medas mentioned that the global economy is facing many uncertainties, including the escalating trade tensions and the strong fluctuations in the international financial and capital markets. According to Mr. Paulo Medas, these factors can significantly affect the growths and the economic stability of many countries, including Vietnam. In that context, Mr. Medas spoke highly of the achievements of Vietnam’s economy in the first half of 2025, with a strong growth rate and the inflation under effective control.
The IMF’s Mission Head also made positive comments for the Government’s institutional reforms, particularly the prioritization of developing the private economic sector, accelerating the public investment disbursement, and reforming the administrative apparatus.
An overview of the meeting
Sharing at the meeting, SBV Governor Nguyen Thi Hong emphasized that the SBV has been operating the monetary policy in a proactive, flexible, and effective manner, contributing to controlling the inflation, maintaining the stability of the macro-economy, and creating favorable conditions for businesses to access to credit capital. In addition, the Government, the Ministries and agencies have been implementing synchronous solutions in order to remove the difficulties for businesses, promote the public investment disbursement, maintain the stability of the domestic market, focusing on streamlining the apparatus, reforming the administrative procedures, developing science and technology, promoting the private economic sector,…
The two sides agreed to further strengthen the mutual cooperation and policy dialogues, promote the expert exchanges and the technical assistance in the coming time, contributing to the realization of Vietnam's macroeconomic development objectives.
Towards to the end of the meeting, Governor Hong thanked the IMF’s Article IV Mission for their cooperation, and hoped to receive more evaluation reports, analytical research, and policy recommendations from the IMF in the coming time.
DL