On November 11, 2013, the Government issued the Decree No. 156/2013/ND-CP of November 11, 2013, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam.
Accordingly, there are 27 units in the organizational structure of the State Bank of Vietnam (increased by 3 units compare with current regulations), within that there are 01 Department and 02 training establishments (The Monetary-Financial Stability Department; The Banking University of Ho Chi Minh City; The Banking Academy).
At the same time, the Credit Department is named to the Credit Department for Economic Sectors; The Monetary Statistics and Forecast Department and The Credit Information Center shall be named in turn the Statistics and Forecast Department and The Vietnam National Credit Information Center. The units within the State Bank’s organizational structure may establish divisions to meet their actual work requirements.
The State Bank has the tasks and powers to elaborate annual inflation norms for submission to the Government; to use instruments for the implementation of national monetary policies, including refinancing, interest rate, foreign exchange rate, compulsory reserves, and open market operations, and other instruments and measures to implement national monetary policies; to make statistics of and collect domestic and foreign economic, monetary and banking information to serve the research, analysis and forecast of monetary developments for formulating and administering national monetary policies; to publicize monetary and banking information in accordance with law; to examine, inspect and supervise banks; to examine and inspect foreign exchange and gold trading activities; to control credit; to handle violations in monetary, banking and foreign exchange activities in accordance with law and to perform the state management of deposit insurance in accordance with the law on deposit insurance…
This Decree takes effect on December 26, 2013, and replaces the Government’s Decree No. 96/2008/ND-CP
