Decree 198/2025/ND-CP: New Regulations on the Organizational Structure of the State Bank of Vietnam from July 1, 2026

From July 1, 2026, Decree No. 198/2025/ND-CP of the Government officially takes effect, regulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam (SBV). Although the number of affiliated units remains 20 units, the Decree introduces several notable adjustments regarding the names, legal status, and organizational structure of these affiliated units to align with new management requirements.

These changes not only have implications for the organizational apparatus but also reflect the orientation to enhance the effectiveness of state management, strengthen monetary policy management capacity, and supervise the banking system.

Maintaining 20 Units but Adjusting Organizational Structure

According to Decree 198/2025/ND-CP, the organizational structure of the State Bank of Vietnam still comprises 20 affiliated units. However, the Government has adjusted the names of some units and added regulations on the legal status of the Transaction Office and regional State Banks.

Maintaining a stable number of units while adjusting functions and organizational models demonstrates the policy of streamlining the apparatus while enhancing operational efficiency, rather than expanding management focal points.

Renaming Two Specialized Departments

One of the notable contents of the Decree is the renaming of two units under the State Bank to better reflect their functional scope and tasks.

Specifically:

• The Department of Credit for Economic Sectors is renamed the Credit Department.
• The Department of Forecasting, Statistics - Monetary and Financial Stability is renamed the Department of Forecasting, Statistics.

The renaming is not merely technical but also reflects a trend towards standardizing the organizational structure, helping to clearly delineate functions among specialized units, and facilitating coordination in monetary policy management and banking operations.

Supplementing Regulations on the Transaction Office and Regional State Banks

A significant new point of Decree 198/2025/ND-CP is the first-time clear definition of the legal status of the Transaction Office and regional State Banks.

According to the new regulations:

The Transaction Office and regional State Banks are administrative organizations equivalent to Departments under the State Bank of Vietnam.

Defining this legal status contributes to:

• standardizing the organizational model across the entire system;
• enhancing the proactiveness of units in performing their functions and tasks;
• creating a clear legal basis for decentralization, delegation of authority, and personnel management.

In addition, the Decree also adjusts the number of divisions within departments to align with the requirements of organizing the apparatus in a more streamlined and efficient manner.

Organizational Structure of the State Bank from July 1, 2026

According to Decree 198/2025/ND-CP, the organizational structure of the State Bank of Vietnam includes the following units:

Specialized Departments

• Monetary Policy Department;
• Payment Department;
• Credit Department;
• Forecasting and Statistics Department;
• International Cooperation Department;
• Legal Department;
• Finance - Accounting Department;
• Personnel Organization Department;
• Office;
• State Bank Inspectorate;
• Transaction Office.

Departments under the State Bank

• Information Technology Department;
• Issuance and Vault Department;
• Foreign Exchange Management Department;
• Anti-Money Laundering Department;
• Credit Institution Management and Supervision Department;
• Credit Institution System Safety Department.

Other Units

In addition to the departments and bureaus, the organizational structure also includes:

• Regional State Banks;
• Vietnam National Credit Information Centre (CIC);
• Banking Times.

Distinguishing Administrative Units and Public Service Units

Decree 198/2025/ND-CP also clarifies the legal nature of the affiliated units of the State Bank.

Accordingly:

• The Vietnam National Credit Information Centre (CIC) and the Banking Times are public service units, serving the state management function of the State Bank.
• All other units are administrative organizations, with the function of advising and assisting the Governor of the State Bank in performing state management functions and central bank functions.

Clearly defining the legal nature of each unit helps to correctly determine the organizational mechanism, financial and personnel management, and the scope of task performance for each unit within the system.

Impact on Banking Management Operations

Although it does not fundamentally change the organizational model of the State Bank, Decree 198/2025/ND-CP still brings many practical implications for management.

Firstly, standardizing the names and functions of units enhances transparency in task assignment and reduces overlaps in operational management.

Secondly, defining the Transaction Office and regional State Banks as administrative organizations equivalent to departments creates a legal basis for strengthening management decentralization, enhancing the effectiveness of local operations, and supporting the consistent implementation of monetary policy nationwide.

Thirdly, maintaining the model of 20 units demonstrates the administrative reform orientation towards not expanding management focal points, but focusing on improving operational quality, in line with the Government's policy of streamlining the apparatus.

Conclusion

Decree 198/2025/ND-CP marks an important adjustment in the organizational structure of the State Bank of Vietnam from July 1, 2026. While not changing the number of affiliated units, the Decree has standardized the names of some departments, clearly established the legal status of the Transaction Office and regional State Banks, and clarified the legal nature of units within the system.

These adjustments contribute to perfecting the organizational model of the State Bank towards a modern, unified, and appropriate structure for management requirements in the context of an increasingly developing and deeply integrated financial and banking system.

Frequently Asked Questions

What should readers know about Decree 198/2025/ND-CP: New Regulations on the Organizational Structure of the State Bank of Vietnam from July 1, 2026?

Decree 198/2025/ND-CP of the Government, effective from July 1, 2026, amends the organizational structure of the State Bank of Vietnam, including renaming two specialized departments and clarifying the legal status of the Transaction Office and regional State Banks.

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