On March 12, 2026, Deputy Governor Pham Thanh Ha of the State Bank of Vietnam (SBV) attended and co-chaired a Seminar titled “Mobilizing capital effectively to support the goal of double-digit growth”, organized by the Lao Dong (Labor) Newspaper.
Speaking at the Seminar, Deputy Governor Pham Thanh Ha emphasized that the Resolution of the 14th National Party Congress sets the target of striving to achieve an average GDP growth rate of over 10% for the 2026–2030 period. This strategic goal reflects Vietnam’s determination, strong will, and aspiration for development in the new era.
Deputy Governor Pham Thanh Ha (second from the left) co-chairs the Seminar
Presenting at the Seminar, Mr. Nguyen Le Nam, Deputy Director General of the Monetary Policy Department, affirmed that, as the authority responsible for monetary and banking management, the SBV has conducted monetary policy in a proactive and flexible manner in recent years, in line with domestic and international market developments, while ensuring the goals of maitaining the macroeconomic stability, controlling the inflation, and supporting the economic growth. He also noted that the policy space for monetary policy to support high economic growth remains relatively limited. Therefore, close coordination among macroeconomic policies, particularly between fiscal policy and monetary policy, is extremely important to ensure the harmonious achievement of the country’s socio-economic development objectives.
In addition, he highlighed the need to effectively seize opportunities to attract foreign investment capital, including the potential upgrade of Vietnam’s stock market from frontier market status and the establishment of international financial centers in Ho Chi Minh City and Da Nang, thereby supplementing resources to support economic growth.
An overview of the Seminar
At the Seminar, many speakers shared the common view that as the economy sets ambitious growth targets for the coming period, the need to mobilize and allocate capital effectively for development investment is becoming increasingly important. The synchronous development of capital channels, from the capital market to the banking credit system, plays a crucial role in ensuring sufficient resources for sustainable economic growth.
Representatives from state management agencies, banks, enterprises, and economic experts also exchanged views on several key issues, including diversifying medium- and long-term capital mobilization channels for the economy; strengthening coordination between bank credit and the capital market; enhancing the role of investment funds; and identifying solutions to unlock resources in society and improve the efficiency of capital allocation for production and business activities in support of the double-digit growth target.