The State Bank of Vietnam has issued Decision No 538/QD-NHNN approving the addition of 14 banks in the group of credit institutions and foreign bank branches deemed systemically important in 2024.

All transactions worth in excess of 400 million VND (16,520 USD) must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, under Decision No 11/2023/QD-TTg issued by the Prime Minister on April 27, 2023.

The State Bank of Vietnam continues topping the 2020 Public Administration Reform (PAR) Index, the Government’s Steering Committee for Administrative Reform has announced.