IMF - International Monetary Fund

10/09/2025 | Press release | Distributed by Public on 10/10/2025 14:37

Vietnam: Technical Assistance (TA) on Developing the Forecasting and Policy Analysis System (FPAS) at the State Bank of Vietnam (SBV)

Summary

The SBV, with IMF support, developed a functioning FPAS to support monetary policy making and communications. During 2019-24, the multi-phase TA project built SBV's analytical capacity, customized a Quarterly Projection Model, and worked towards integrating forecasts into policy processes. The FPAS is currently operational. Further steps to formally and fully integrate it into decision-making are recommended, including continued staff engagement and implementation of regular quarterly projection cycles.

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