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What measures is the State Bank of Vietnam taking to proactively and flexibly steer monetary policy and unlock capital flows to the economy?

Vietnam's economy kept growing in the first nine months of 2026, though it faces pressure from Middle East tensions, trade frictions and rising energy prices. The State Bank of Vietnam (SBV) is steering monetary policy flexibly through open market operations with tenors of 7 to 91 days, coordinates with the State Treasury, and has kept its policy rates unchanged. To ease VND liquidity pressure at times, it has used VND–USD swaps, providing over 336.5 trillion VND (about USD 14 billion) so far this year, which has helped interbank rates trend lower. The SBV has also asked banks to cut lending rates and publish their lending rates on their websites. As of 14/10/2026, outstanding credit to the economy reached over 20.72 quadrillion VND, up 11.44% from end-2025 and 16.73% year-on-year.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: NHNN đang có những hành động gì để điều hành chính sách tiền tệ chủ động, linh hoạt, khơi thông dòng vốn cho nền kinh tế?

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