The State Bank of Vietnam

The State Bank of Vietnam (SBV) is a ministerial-level agency under the Government of Vietnam. Established on May 6, 1951, its primary mission is to manage state monetary and banking activities to stabilize the currency's value, ensure the safe and sound operation of the banking system, and promote socio-economic development. The SBV is responsible for issuing currency, acting as the banker for credit institutions, providing banking services to the State Treasury, and managing the country's foreign exchange reserves.