The Law on the State Bank of Vietnam 2010 stipulates the competence to decide the national monetary policy as follows:

​ National Assembly (NA) shall decide on the annual inflation targets by making decisions on consumer price index and overseeing the implementation of the national monetary policy.

​  The President shall perform his/her tasks and powers as stipulated in the Constitution and laws in negotiating, signing, and acceding to, in the name of the Socialist Republic of Vietnam, international treaties on monetary and banking matters.

​  The Government shall submit proposals to the National Assembly to decide on annual inflation targets. The Prime Minister and the SBV Governor shall decide on the use of tools and measures to obtain the national monetary policy objectives according to the Government's regulations.