Vietnam: Technical Assistance (TA) on Developing the Forecasting and Policy Analysis System (FPAS) at the State Bank of Vietnam (SBV)
Vietnam: Technical Assistance (TA) on Developing the Forecasting and Policy Analysis System (FPAS) at the State Bank of Vietnam (SBV)
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Volume/Issue:
Volume 2025
Issue 038
Publication date: October 2025
ISBN: 9798229029162
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Topics covered in this book
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Economics- Macroeconomics , Money and Monetary Policy , Vietnam , Forecasting and Policy Analysis , Quarterly Projection Model , Monetary Policy , Transmission Mechanism , functioning Fpas , Imf publication , monetary policy making , technical assistance report , Monetary policy frameworks , Monetary transmission mechanism , Monetary policy modelling , COVID-19 , Exchange rate stability
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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