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

October 9, 2025

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.

Subject: COVID-19, Exchange rate stability, Foreign exchange, Health, Monetary policy, Monetary policy frameworks, Monetary policy modelling, Monetary transmission mechanism

Keywords: COVID-19, Exchange rate stability, Forecasting and Policy Analysis, functioning Fpas, Imf publication, Monetary Policy, Monetary policy frameworks, monetary policy making, Monetary policy modelling, Monetary transmission mechanism, Quarterly Projection Model, technical assistance report, Transmission Mechanism, Vietnam

Pages:
4
Volume:
2025
DOI:
https://doi.org/10.5089/9798229029162.029
Issue:
038
Series:
High Level Summary Technical Assistance Report No. 2025/038
Stock No:
HLSEA2025038
ISBN:
9798229029162
ISSN:
2959-4103

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

High-Level Summary Technical Assistance Reports