Vietnam: Technical Assistance (TA) on Developing the Forecasting and Policy Analysis System (FPAS) at the State Bank of Vietnam (SBV)
October 9, 2025
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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:
Issue:
038
Series:
High Level Summary Technical Assistance Report No. 2025/038
Stock No:
HLSEA2025038
ISBN:
9798229029162
ISSN:
2959-4103
