Proposed plan for restructuring and streamlining the organizational structure at the State Bank of Vietnam.

Deputy Prime Minister Ho Duc Phuoc

On December 10th, Deputy Prime Minister Ho Duc Phoc chaired meetings on the restructuring and streamlining of the organizational apparatus of the State Capital Management Committee at Enterprises, the National Financial Supervision Committee, the State Bank of Vietnam, and the Vietnam Social Security.

Regarding the plan to reorganize and streamline the structure of the State Bank of Vietnam , Deputy Prime Minister Ho Duc Phoc requested that during the implementation of the reorganization and streamlining process, good ideological work should be done to create consensus within the system, and at the same time, research and propose policies for affected officials, civil servants, and employees.

The Deputy Prime Minister also emphasized that banking inspection and supervision must ensure a reasonable scale, sufficient personnel, and adequate accountability to effectively perform the assigned functions and tasks.

Governor of the State Bank of Vietnam, Nguyen Thi Hong, reported at the meeting.

The State Bank of Vietnam continues to review and calculate to ensure the reduction of administrative layers as required; and to take over some of the functions, tasks, and personnel of the National Financial Supervisory Commission.

The State Bank of Vietnam has implemented plans to reorganize and streamline its structure in the spirit of "one task, one point of contact".

The State Bank of Vietnam has proposed a plan for restructuring its departments, bureaus, and affiliated units; a plan for restructuring the Banking Supervision and Inspection Agency; and the State Bank of Vietnam branches in localities.

Of these, the two largest reductions were in the State Bank of Vietnam's branches in provinces and cities, and the restructuring of the Banking Supervision and Inspection Agency from a general department model to a departmental model.

VN (synthesis)

Source: https://baohaiduong.vn/phuong-an-sap-xep-tinh-gon-bo-may-tai-ngan-hang-nha-nuoc-400099.html