New State Bank Governor appointed

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Prime Minister Nguyen Xuan Phuc presents the State President’s appointment decision to Mrs. Nguyen Thi Hong Mrs. Nguyen Thi Hong - new SBV governor in a group photo with Prime Minister and leaders of the SBV and commercial banks

On 16 November 2020, at the headquarters of the State Bank of Vietnam (SBV), Mrs. Nguyen Thi Hong receives the State President's Decision on appointment as Governor of the SBV.

The Prime Minister Nguyen Xuan Phuc presented the State President’s Appointment Decision to Mrs. Nguyen Thi Hong, congratulating her on being approved by the National Assembly and appointed by the State President as Governor of the SBV for the office term of 2016-2021.

The Prime Minister commented that the new Governor is a qualified and experienced leader, who has been entrusted with many positions from operational work to management positions in the banking industry, with numerous contributions to the development of the banking sector.

The Prime Minister also spoke highly of the proactive, drastic and timely measures the SBV has taken in supporting Covid-19 affected people and businesses through policies of debt rescheduling, exemption and reduction of interest, bank fees, etc.

Giving directions for the SBV's operations in the coming time, the Prime Minister emphasized that the new SBV Governor should continue and promote the achievements of the previous generations, strengthen the spirit of solidarity and unity to accomplish the assigned tasks.

In addition, the Prime Minister also stressed that the banking sector must continue to strengthen the banking inspection and supervision to ensure the safety of the system; limit the increase of bad debts and resolve effectively the non-performing loans; apply modern technologies to the development of banking products and services.

For her part, the new Governor said she was aware of her great responsibilities upon taking the position of the leader of the banking industry, especially in the current context.

Mrs. Nguyen Thi Hong affirmed that in the coming time, together with the SBV’s leadership and the SBV entities, the SBV would continue to actively monitor the situations, strictly follow the instructions of the Party, the State, the provisions of law and the directions of the Prime Minister to effectively implement the banking management measures.

Mrs. Nguyen Thi Hong is the 15th Governor of the State Bank of Vietnam and also the first woman to hold this post in the history of Vietnam’s banking system.